Medigap Plans South Carolina

What Medigap Plans are available in South Carolina?

In South Carolina, as in most of the United States, Medigap plans are standardized into ten distinct plan types: A, B, C, D, F, G, K, L, M, and N. Each of these plan types provides a unique combination of benefits and coverage levels. To select the most suitable plan for your needs, it is crucial to comprehend the differences among these plans. It is important to note that Medigap Plan C and Plan F are no longer accessible to new Medicare beneficiaries who became eligible for Medicare on or after January 1, 2020. However, if you were eligible for Medicare prior to that date, you are still able to purchase these plans.

Medicare Supplement Plans in SC for 2023

For Medicare Supplement Plans in South Carolina, there are several choices, but what is the best Medicare Supplement Plan in South Carolina? The answer to that question is “It depends”.  I know that is not exactly what you are looking for but please keep reading for a full explanation or call us anytime at 844-528-8688 for a personal consultation on what Medicare Supplement Plan in South Carolina fits you the best.

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No matter where you live in South Carolina when you enter Medicare, you need Medicare supplemental coverage that fits your lifestyle and budget. Medicare Supplement Plans South Carolina are readily available without any clinical underwriting throughout your open enrollment period.  See our Medicare Supplement Guide for information on entering into Medicare.

First Things First, You Need Medicare

To be eligible for a South Carolina Medicare Supplement Plan, you need to have Medicare Parts A and B.

How to Apply for Medicare in South Carolina?

There are two different scenarios when it comes to your Medicare Enrollment, to find out what you need to do to enroll in Medicare, see below to find which fits your situation.

Finding Your Medicare Supplement South Carolina

Now that you understand signing up for Medicare, it is time to find the best South Carolina Medicare Supplement Plan for you.  While rates for Medicare Supplement Plans in South Carolina are very important, you need to also look at the company and the rate increase history.  What might be the absolute cheapest monthly premium now, could end up very costly down the road.

Medicare Supplement Companies tend to come into an area with a very low “introduction price” in essence they are buying new business.  After they start building the book of business they will raise the rates significantly to cover the losses.  This is just one of the reasons we at Medicare Solutions Team carry over twenty Medicare Supplement Plans South Carolina providers.

Medicare Supplement Plans in SC

Medicare Supplement Plans, sometimes called Medigap Plans are set and standardized by CMS (Medicare).  They offer 10 plans but the three most popular are Plan F, Plan G, and Plan N.

How to choose Medigap Plans SC

You’ll find that Medicare Supplement Insurance in South Carolina is more valuable if you purchase a plan that covers the types of costs you encounter the most often. To buy, first look for a plan with coverage and a price you can afford. If your healthcare needs are different or much greater, higher-priced plans could save you money on those needs in particular.

How Much do Medigap Plans Cost in South Carolina?

Medigap policies offer different levels of coverage, and their costs, copayments, and deductibles vary, too. The following examples show premiums for a 65-year-old female and male in South Carolina who doesn’t use tobacco: 

65-year-old Woman

PLAN	Premium
Plan F	$107 to $385
Plan G	$84 to $361
Plan N	$62 to $341

65-year-old Male

Plan	Premium
Plan F	$108 to $435
Plan G	$95 to $408
Plan N	$71 to $385

South Carolina Medicare Supplement Plan F

The Plan F Medicare Supplement Plan South Carolina, simply put, covers everything.  On the face that seems like a great idea, but there are a few reasons why.

1. It is the most expensive Plan on the Market
2. It has the highest rate increases of all the Medicare Supplement Plans
3. The Medicare Supplement Plan F will no longer be available to new enrollment as of 2020.

**The Medicare Supplement Plan F High deductible plan will not be changed in 2020.

South Carolina Medicare Supplement Plan G

The Medicare Supplement Plan in South Carolina that offers the most coverage for the lowest premium is Medigap Plan G.  The Medicare Supplement Plan G offers the exact same benefits of Plan F except that you will pay the Part B deductible.  The Part B deductible is set by Medicare and can change, but at this time it is $233.00 per year. 

The South Carolina Medicare Supplement Plan G is normally $300.00 to $400.00 per year less in premium than the Plan F and historically has much lower rate increases.  

Once the Part B deductible ($233.00 for 2022) is paid, your benefits will be identical to the Medicare Supplement Plan F.  Why would anyone want to pay an insurance company $300.00 to $400.00 a year more just to pay a $233.00 deductible.

South Carolina Medicare Supplement Plan N

Medicare Supplement Plan N is one of the lowest cost Medicare Supplement Plans, but you will take on a little more risk and out-of-pocket costs.  With a Medigap Plan N, you will have a copay of $20.00 for the doctor visits and $50.00 for an emergency room visit.

Paying a copay is something that most people are used to, and does add some cost if and when you go to the doctor, but there is another facet of the Plan N that you need to be aware of.

Plan N does not cover Medicare Part B excess charges, now this could be a big deal or nothing at all.  If a doctor accepts Medicare but is not assigned by Medicare he can legally charge you 15% over the Medicare-approved amount.  You would then be responsible for that extra cost.

Companies We Recommend

Now the excess charges could end up not being a problem at all, in fact, there are some states that do not allow the excess charges, and sadly South Carolina is not one of them.  As of the last report, approximately 93% of doctors across the United States accept Medicare Assignment and if you do your due diligence when looking for a doctor or having a procedure done, it should not be a problem.

Frequently Asked Questions

For complete details on Medicare Supplement Plans South Carolina, you can reach us by email on our contact us page or by calling 844-528-8688.  Remember there is never a fee for our services.