South Carolina Medicare Insurance Plans
Medicare is a federally sponsored health insurance program available to those over the age of 65, as well as to individuals who have certain disabilities. At the state level, however, there exist specific organizations that help beneficiaries better understand the Medicare process, and Medicare recipients may even qualify to receive state subsidies, depending on their circumstances. Consider the following information if you are interested in obtaining Medicare coverage in the state of South Carolina.
Mini- COBRA in South Carolina
If you work for a company with more than 20 employees you may qualify for COBRA benefits that would help provide coverage to those who lost it due to various reasons. However, if you work for an employer with less than 20 full-time employees, you will fall under South Carolina continuation state law and may be able to receive continuation of coverage for up to 18 months.
South Carolina Medicare Savings Programs
*Once an individual obtains Medicare coverage through the federal government, he or she is responsible for paying all related costs for premiums, co-payments, and more. In some case, however, an individual or couple may qualify for one of the four Medicare Savings Programs In South Carolina that provide financial assistance from the state.
- *Qualified Medicare Beneficiaries (QMBs): For individuals with a monthly income under $1,010 or couples with a monthly income under $1,355 the state pays all premiums for Medicare Part B and all co-payments and deductibles for Medicare Parts A and B.
- *Specified Low-Income Medicare Beneficiaries (SLMBs): For individuals with a monthly income under $1,208 per month or couples with monthly income under $1,622 the state pays premiums for Medicare Part B only.
- *Qualified Individuals (QI): For individuals with a monthly income under $1,357 or couples with monthly income under $1,823 the state pays premiums for Medicare Part B only.
- *Qualified Disabled and Working Individuals (QDWIs): The state pays for Medicare Part A premiums for individuals with a monthly income under $4,045 and couples with a combined income under $5,425 per month.
- Low-Income Subsidy (Extra Help) Program: The state Medicaid program assists with the costs of prescription drug coverage for individuals with a yearly income up to $17,820 and couples with a combined income up to $24,030.
*Data from Medicare.gov
Oftentimes Medicare beneficiaries enjoy their low-cost coverage, yet find that it lacks certain other benefits that they need for medical treatment. Here, these individuals in South Carolina may purchase Medicare supplement insurance, or Medigap plans, from a private insurer within the state. Medigap policies work in conjunction with Medicare Parts A and B.
Extra Assistance From the State of South Carolina
Of course, the process of obtaining or applying for Medicare can be confusing. As such, the state of South Carolina has created the Office on Aging, a state health insurance assistance program dedicated to helping people through the Medicare system. Counselors associated with this program are available to answer questions and provide guidance in the state. If you find yourself needing extra assistance, you can reach out to a licensed sales agent at Medicare Solutions. We can compare South Carolina Medicare insurance plans for you. We are prepared to help you navigate the system and find the plan to best fit your needs and budget.