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Best Medicare Supplement Plans in South Carolina 2020 – Comparison Chart

Just over one in five state residents choose some of the best Medicare Supplement plans in South Carolina. The best Medicare Supplement plan in South Carolina for 2020 will work with Original Medicare to help beneficiaries control the out-of-pocket expenses they may have if they are only enrolled in Medicare Part A and Medicare Part B. Even though you buy one of 10 standardized Medicare Supplement plans in South Carolina from a private insurance company, both federal and state regulations govern them. It will help to learn how Medigap plans work will help you pay coinsurance, copays, and deductibles.

2020 Rate Calculations for Medicare Supplement Plans in South Carolina

If you hope to compare premiums for the best Medicare Supplement plans in South Carolina in 2020, you should understand how a health insurance company calculates rates. There are three different rating systems that are used when insurance companies calculate rates for their Medicare Supplement insurance plans.

  • Attained Age Rated

    By a wide margin, most insurers use attained age. This means that your current age will impact your rates, and it won’t matter how old you were when you purchased your Medicare Supplement plan.

These are two other ways that insurers may calculate rates for a Medigap policy:

  • Issue Age Rated

    About 13 percent of state Medicare Supplement plans base their rates off of issue age. If you are just turning 65 and first enrolled in Medicare Part A and Part B, these may seem more expensive. However, your rates may not increase as much as a Medicare Supplement plan in South Carolina that was based on attained age.

  • Community Rated

    About five percent of Medicare Supplement plans in the state are community rated. This means that the insurer uses an average age for the community. Many people think that these are the best Medicare Supplement plans in South Carolina because the risk is spread out among lots of people, leading to lower monthly premiums for many.

Medicare Supplement Plan Comparison Chart in South Carolina for 2020

This state allows insurers to offer the 10 standardized Medicare Supplements that Medicare has created. You should know that every company does not have to offer each plan in each county or ZIP code. Medicare Supplement Plan F is much more popular than other choices. Medigap Plan G, Medigap Plan N, and D ranked second, third, and forth.

Medicare Supplement Plans F and G offer very robust coverage. Both of these popular plan options are listed on the Medicare Supplement plans comparison chart in South Carolina and cover things like Part B excess charges. Of the two, Medicare Supplement Plan F is the only one that covers the Medicare Part B deductible. Also, you should know that Medicare Supplement Plan F is available both as a high deductible plan or a standard plan.

You may find that Medigap Plan N gives you adequate coverage for a somewhat more modest price because it has a few restrictions and copayments. This Medicare plan does cover a lot of things that your Medicare coverage through the federal Medicare program will not cover, but there are more out-of-pocket costs than with Medigap Plan F or G. It’s a good insurance policy if you’d like to keep your monthly premiums down, though.

Medicare Supplement Plans Comparison Chart

Please note: Medigap Plan F in South Carolina will no longer be available to Medicare beneficiaries that turn age 65 after 01/01/2020. Plan F will still available to Medicare Beneficiaries who are already on Medicare Part A and Medicare Part B prior to 01/01/2020.

As a Medicare beneficiary, you should compare Medigap plan benefits and premiums to decide which Medicare Supplement plan in South Carolina for 2020 will offer you the best value and help you minimize your healthcare costs.

This chart will help you compare the best Medicare Supplement plans in South Carolina so that you can enhance your Medicare benefits with a plan that is right for you.

Do 2020 South Carolina Medicare Supplement Plans Cover Prescriptions?

You should not expect either the best Medicare Supplement plans in South Carolina or Original Medicare to help you pay for regular prescriptions that you buy from a pharmacy. Just like Original Medicare, a Medicare Supplement plan will only help cover medicine in specific circumstances. Typically, these include the kinds of medicine that get administered by a healthcare professional in an inpatient or outpatient setting.

A Medicare prescription drug plan will help a beneficiary pay for typical medications purchased at a pharmacy. You should compare the way that these Part D plans cover prescriptions before your Open Enrollment Period when you first qualify for Medicare. You can also change Part D plans annually during the regular Open Enrollment for Part D plans. If you don’t have credible coverage from prescription plans, you will have to pay the entire cost of your medicine and could get penalized if you choose to enroll late.

Medicare Supplement Plans in South Carolina: Enrollment Periods

Federal laws give you a Medigap plan Initial Enrollment Period when you first enroll in both Medicare Part A and B and are at least 65 years old. At that time, you can join any Medicare Supplement plan in South Carolina without having to submit to medical underwriting. This Medigap Open Enrollment Period is the best time for most beneficiaries to enroll in a Medicare Supplement plan.

If you’re one of the 22 percent of Medicare recipients in South Carolina who qualified when you were under 65 because of a disability, you can still enroll in Plan A or Plan C. The problem is that the premiums are quite high, according to the South Carolina Department of Insurance.

If you’re still under 65, you may decide that the combination of benefits and lower rates offered by an MA plan will give you a better value. Once you turn 65, you will get a chance to have an OEP to enroll in one of the best Medicare Supplement plans in South Carolina for 2020 without having to answer medical questions.

Medicare Supplement Plans in South Carolina: Traveling or Moving

Do you hope to travel to other states or even other countries during your retirement? One of the first things you should learn is that you can buy one of the best Medicare Supplement plans in South Carolina and take your benefits with you all around the country. These plans don’t use networks, and they are generally accepted everywhere that Medicare is accepted. Some Medicare Supplement plans will even pay 80 percent of the cost of emergency care in other countries when you travel.

If you do change your permanent address, you should let your insurer know about it. Your premiums could change if you change ZIP codes. Most Medicare Supplement plans are portable. If not, you should get a Special Enrollment Period that lasts for 63 days to enroll in with another company.

If you like the idea of having this flexibility and don’t want to stick to a doctor’s office or skilled nursing facility in a certain area, you’ll definitely want to consider a Supplement instead of one of the Medicare Advantage plans. After all, many Medicare Advantage plans have network restrictions.

Enrollment Statistics for Medicare Supplement Plans in South Carolina

These enrollment numbers can give you a good picture of the decisions other South Carolina Medicare recipients make:

  • Population with Medicare: Over 733,000
  • Medicare recipients with a Medicare Supplement plan: About 230,000
  • Popular Medigap plan: Plan F, with more than 143,000 Medicare Supplement plan holders

In addition, these are the most populated South Carolina counties:

  • Greenville County, SC: 498,766
  • Richland County, SC: 409,549
  • Charleston County, SC: 396,484
  • Horry County, SC: 322,342
  • Spartanburg County, SC: 301,463

When shopping for the best Medicare Supplement plans in South Carolina from companies like Blue Cross Blue Shield or United Healthcare, you’ll probably find that there are more options in the more populated cities, such as Columbia. However, Medicare Supplement insurance is available all throughout the state. Our licensed insurance agents can help you learn about the South Carolina Medicare Supplement plans that are available for you and the medical expenses that they will help you cover. Then, you’ll know which plan to sign up for.

Related Medicare Supplement Plan Topics in South Carolina

Senior Life Insurance Plans is a great resource for Medicare beneficiaries to learn about there options, we also specialize in senior life insurance plans. We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with most of the nation’s top-rated Medigap carriers such as AetnaCignaMutual of Omaha and Florida Blue Medicare plans. Give us a call today, or request a quote online to learn more about Aetna Medicare Supplement plan G and Mutual of Omaha Medicare Supplement plan G in your state. We educate you on the best Medicare Plans for your situation, then let you decide.

South Carolina Medicare Resources

These helpful resources may help you research your SC Medicare choices further: