Original Medicare is a health insurance plan funded by the federal government for individuals 65 or older. It consists of two parts, Part A (Hospital Insurance) and Part B (Medical Insurance). All Americans over the age of 65 may enroll in the program. However, you will find that Medicare is not designed to pay for all medical expenses.
Medicare Supplemental plans, or Medigap, are health insurance plans designed to help fill the gaps for South Carolina residents left by Original Medicare. Medigap is sold by private insurance companies in South Carolina and helps to cover coinsurance, copayments and deductibles. Buying South Carolina Medicare Supplement Insurance, or Medigap can help pay for these expenses.
Medicare Health Insurance Providers
How do I choose the South Carolina Medicare health plan that's right for me?
When determining which South Carolina Medicare Supplemental plan is right for you, there are some options to consider including:
- Monthly premium
- Annual Deductible
- Foreign Travel Emergency
- Skilled Nursing Coverage
- At Home Recovery
- In or Out of Network physicians
Medicare Health Insurance Plans
Medicare is classified into four different categories.
- Medicare Part A: Part A covers Hospital Insurance and gives financial assistance for inpatient care. Part A also partially covers skilled nurses, hospice, and home health care under certain conditions.
- Medicare Part B: Part B covers necessary medical services such as outpatient care and doctor services. Some preventative care is also covered to maintain your healthy status and minimize the chances that other illnesses might become more severe.
- Medicare Part C: Part C is a Medicare Advantage Plan. It combines Part A and Part B and in some instances, it also combines Part D. Medicare Part C plans are privately managed by insurance companies approved by Medicare. The plans cover necessary medical services, although, these plans have co-payments, coinsurance, and deductibles that can vary.
- Medicare Part D: Part D provides assistance covering prescription drugs. The coverage will vary depending on the plan, but it may help lower your prescription drug costs and help prevent high costs in the future.
Where can I read about South Carolina Medicare?
Medicare Health Insurance