Medicare Supplement Insurance (also called Medigap) helps senior and disabled South Carolina residents pay for certain Medicare copayments, deductibles, and other costs. Currently, insurance companies can offer state residents up to 10 standardized Medigap plan options: Plans A, B, C, D, F, G, K, L, M, and N.
SC Medicare Enrollment Quick Facts:
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280,448 South Carolina residents had a Medigap policy in 2021, according to data from America’s Health Insurance Plans (AHIP).1
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Plan F is the most popular Medigap plan in South Carolina, with 133,027 enrollees, according to AHIP.
What are the most popular Medicare Supplement plans in South Carolina?
The chart below shows the most popular Medicare Supplement plans in South Carolina.1
|
Popularity Ranking |
Plan |
Total Enrollees |
|
1 |
F |
133,027 |
|
2 |
G |
100,028 |
|
3 |
N |
23,435 |
Medicare Supplement Insurance Pricing Methods
Medigap pricing methods are important because they dictate how your premiums may increase in future years. There are 3 different pricing methods:
- Attained-age rated: The premium increases as you age.
- Issue-age rated: The premium is based on your age when you buy and it may increase due to inflation and other factors, but not due to your age.
- Community rated: The same premium is charged to all Medigap policyholders.
Under-65 Enrollment Rules
Although Medicare Supplement Insurance is primarily for senior citizens, it’s also available to disabled people and those with end-stage renal disease (ESRD) in some states. Each state’s insurance department dictates the rules governing Medicare beneficiaries under the age of 65.
Insurers in South Carolina are not required to sell Medigap plans to those under 65 but may do so if they choose.
Learn More
To learn more about Medicare Supplement Insurance, read through some of our guides below.
