Medicare Supplement Plans in South Carolina

Medicare Supplement Plans, often called Medigap, are insurance policies that fill in the ‘gaps’ or expenses not covered by Original Medicare, such as deductibles, copayments, and coinsurance. In South Carolina, there are several popular Medigap plans:

• Plan G: This plan offers the most comprehensive coverage, covering all out-of-pocket costs not covered by Medicare, except for the Original Part B deductible
• High Deductible Plan G: Similar to Plan G, but with a higher deductible that must be met before the plan pays for services
• Plan N: This plan offers lower premiums in exchange for a small copay for some office visits and emergency room visits. It does not cover the Part B deductible or excess charges.
• Plan K: This plan covers a percentage of your Medicare-covered costs and includes an out-of-pocket limit for added financial protection.

Each plan offers different benefits, so choosing one that aligns with your healthcare needs and financial situation is important.

Medicare Supplement Plan Companies in South Carolina

In South Carolina, several companies offer Medicare Supplement Plans, each with its strengths and customer ratings. Here are some of the most popular:

• Aetna: Boasting an A+ rating, Aetna provides above-average service, earning an A+ in customer service and a 2.4/5 overall rating.
• Blue Cross Blue Shield: Despite its A rating, Blue Cross Blue Shield has received below-average customer feedback, leading to a concerning F in customer service and a 1.2/5 overall rating.
• Cigna: With an A rating, Cigna’s service is considered below average, and it currently holds no specific rating for customer service but a decent 3/5 overall rating.
• Humana: Rated A-Humana is noted for its above-average service, holding an A+ in customer service and a 2.3/5 overall rating.
• UnitedHealthcare: Also holding an A- rating, UnitedHealthcare’s service is below average. Nevertheless, it maintains a high A+ in customer service and a 2.1/5 overall rating.

Each company offers varying levels of service and customer satisfaction, so it’s crucial to select one that best meets your healthcare requirements.

How Much Do Medicare Plans Cost in South Carolina

In South Carolina, Medigap plans like A, G, or N typically cost between $65 and $405 a month, particularly if you sign up during an open enrollment period.

However, these premiums may differ based on your insurance provider and the way your premium is calculated.

There are three methods of rating your premium: 

• Community rating, where your age doesn’t affect the premium;
• Issue-age rating, where your premium depends on your age at the time of purchase;
• Attained-age rating, where the premium changes with your age and due to inflation.

Medicare Supplement plans, or Medigap, help you manage the costs that Medicare doesn’t cover, such as deductibles, copayments, and coinsurance. Ten distinct Medigap plans are available to seniors in South Carolina, each identified by a letter from A to N and each offering different coverage levels. For instance, Plan F provides the most extensive coverage, while Plan A offers the least.

When Should I Enroll In A Plan?

The best time to enroll in a Medicare Supplement Plan in South Carolina is during your Medigap Open Enrollment Period (OEP), which lasts six months and begins on the first day you turn 65 or older.

During this period, insurance companies are prohibited from denying coverage due to pre-existing conditions, charging higher premiums, or delaying coverage. If you miss your OEP, you may still be able to enroll, but it could come with higher costs and potential restrictions.

Bottom Line

Medicare Supplement Plans in South Carolina offer additional coverage and financial protection for seniors enrolled in Original Medicare. With different plans, insurance companies, and enrollment periods, it’s important to research and select the plan that best fits your healthcare needs and budget. Review your plan periodically, as your healthcare needs may change over time.

So, explore all the available options before deciding, and consult a licensed insurance agent if you need assistance. Remember, having the right Medicare Supplement Plan can make all the difference in ensuring access to quality healthcare without breaking the bank.

Sources: SC.DOI – Medicare.gov

FAQs

Can I change my Medigap plan in South Carolina?

Yes, you can switch to a different Medigap plan anytime, but you may be subject to medical underwriting and potentially face higher premiums. It’s best to review your options during the designated enrollment periods.

Are prescription drugs covered under Medicare Supplement Plans in South Carolina?

No, Medicare Supplement Plans do not cover prescription drugs. You must enroll in a separate Part D plan for prescription drug coverage.  

Can I have a Medicare Advantage Plan and a Medicare Supplement Plan in South Carolina?

No, you cannot have both a Medicare Advantage Plan and a Medigap plan at the same time. You must choose one or the other.