Best Medicare Supplement Plans in South Carolina 2024
Medigap policies are designed to fill the gaps in coverage left by Original Medicare. Coverage gaps often includes copayments, deductibles, and coinsurance.
In South Carolina, there are ten different Medicare Supplement plans to choose from, each offering varying levels of coverage in addition to your standard Medicare benefits. This additional coverage can help you save on healthcare costs and ensure comprehensive care.
Among the ten plans available, Medicare Supplement Plan G stands out as the best choice for most beneficiaries in South Carolina. With Humana, you can secure Plan G for just $101 per month, making it an affordable and reliable option for healthcare coverage.
Below are the key features and benefits of the top four plans:
Best Comprehensive Coverage: Medicare Supplement Insurance Plan G
- Medicare Plan G is an option for eligible beneficiaries, and it is the Medicare Supplement plan most similar to Plan F.
- With a Medigap Plan G insurance policy, you will have assistance with copayments, coinsurance, and deductibles, but it doesn’t cover the Part B deductible.
- Over 100,200 individuals in South Carolina have enrolled in Plan G.
Best Value: Medicare Supplement Insurance Plan N
- Medigap Plan N gives beneficiaries cost savings with lower premiums.
- With lower premiums come higher out-of-pocket costs. For example, plan N requires a $20 copay for doctor’s appointments and up to $50 for ER visits.
- There are 23,435 Plan N policyholders in South Carolina.
Best Low Cost: Medicare Supplement High Deductible Plan G
- High Deductible Plan G provides identical benefits as Medicare Plan G.
- Provides a cost-effective alternative in comparison to Medicare Plan G.
- The annual deductible amount is $2,800.
- Offers cost savings compared to High Deductible Plan F while still covering all the same items except for the Part B deductible.
Medicare Supplement Insurance Plan F
- Medicare Supplement Plan F has been the most popular plan option for Medicare Supplement insurance in South Carolina. The drawback is that it’s only available to those who became eligible for Medicare before Jan. 1, 2020.
- Over 133,000 enrollees, which covers 41% of policyholders.
What’s the Most Popular Medicare Supplement Company in South Carolina?
We have found that Humana Insurance Company offers the most competitively priced rates for both Plan G and Plan F in South Carolina. While affordability is important when selecting a Medicare Supplement provider, it is not the sole determining factor. Every company has its own set of pros and cons.
Humana stands out from the competition due to its cost-effectiveness, wide range of plan options, household premium discounts, and exceptional customer satisfaction ratings.
To help you make an informed decision, we’ve prepared a chart comparing Humana with other Medicare Supplement companies in South Carolina. The chart includes key info like premiums and ratings.
| Company | AM Best Rating | Plan G Rates | Plan A Rates | HDG Rates | Plan F Rates |
|---|---|---|---|---|---|
| Humana Insurance Company | A- | $101.04 | $126.30 | $48.45 | $118.64 |
| Ace Property and Casualty Insurance Company | A++ | $101.33 | $100.33 | $40.17 | $118.00 |
| Medico Insurance Company (Preferred) | A | $103.12 | $110.43 | $35.58 | $124.85 |
| SBLI USA Life Insurance Company, Inc (Prosperity) (Preferred) | A- | $105.87 | $104.81 | n/a | $118.65 |
| American Home Life Insurance Company | B++ | $108.14 | $109.75 | n/a | $132.40 |
| Mutual of Omaha Insurance Company | A+ | $111.07 | $107.67 | $37.72 | $135.76 |
| Manhattan Life Assurance Company | B++ | $114.83 | $121.58 | n/a | $143.33 |
| AFLAC | A+ | $115.16 | $132.16 | n/a | $134.13 |
| Philadelphia American Life Insurance Company | A- | $116.84 | $108.83 | $30.78 | $163.12 |
| Elips Life Insurance Company | A | $118.33 | $117.17 | $47.33 | $144.75 |
| United States Fire Insurance Company | A | $120.08 | $125.58 | $39.50 | $136.00 |
| Aetna Health Insurance Company | A | $121.28 | $111.04 | $46.65 | $146.69 |
| American Benefit Life Insurance Company | A- | $122.54 | $121.31 | n/a | $156.17 |
| Capitol Life Insurance Company | A- | $122.54 | $121.31 | n/a | $156.17 |
| Cigna National Health Insurance Company | A | $125.84 | $129.81 | n/a | $181.69 |
| Union Security Insurance Company | B++ | $130.86 | $137.49 | n/a | $167.44 |
| Allstate Health Solutions | A+ | $133.90 | $128.37 | n/a | $166.14 |
| Assured Life Association | NR | $147.25 | $143.25 | n/a | $124.94 |
| United American Insurance Company | A | $168.00 | $116.00 | $31.00 | $231.00 |
| GPM Health and Life Insurance Company | A- | $168.14 | $163.62 | n/a | $237.57 |
| Bankers Fidelity Assurance Company (Preferred) | A- | $188.63 | $188.63 | $33.90 | $221.61 |
| Guarantee Trust Life Insurance Company | A- | $194.27 | $195.75 | n/a | $241.95 |
Is Every Medigap Plan G the Same?
Indeed, all Medicare Supplement Plan G policies adhere to a standard set of benefits, regardless of the insurance company you choose.
Although, it’s worth noting that customer service, premium costs, and rate stability may differ among insurance providers. Thus, while the fundamental coverage remains the same, these additional factors can distinguish one Plan G from another.
Medigap Satisfaction Ratings in South Carolina
As per AHIP.org, more than 90% of seniors in South Carolina express satisfaction with their Medicare Supplement plan, citing its provision of high-quality care, protection against unforeseen medical expenses, and simplifying medical billing and paperwork management.
Seniors are highly satisfied with their Medicare Supplement plans, including the covered services and benefits, provider communication, and the value they get from their monthly premium.
Notably, 85% of seniors in South Carolina worry about losing Medicare Supplement coverage and the potential impact on their financial security.
For a more detailed look at the available Medigap plans, you can refer to our Medicare Supplement Plans Comparison Chart.
Have Questions?
We specialize in helping Medicare beneficiaries navigate their insurance options with expertise.
We partner with some of the nation’s top-rated Medigap carriers to ensure you receive top-notch service.
Call us today at 888-414-4547 or request a quote online to learn more.
Frequently Asked Questions:
Premiums range from $30 to $382 a month but could vary depending on age, location, and other factors.
Humana, Aetna, Aflac, Cigna, and Mutual of Omaha have a solid reputation for providing reliable coverage to various healthcare needs.
Article Resources:
- Types of Medigap Plans
- How Much Do Medigap Plans Cost?
- When Can I Apply for a Medicare Supplement Plan?
- How Do I Enroll in a Medigap Plan?
- When Can I Change Medigap Plans?
- Can I Be Denied Medigap Coverage?
- CMS Medicare Services
- South Carolina Medicare Supplement Insurance Overview
- South Carolina Medicare Supplement Insurance Guide
Disclaimer:
Average quotes are for sample purposes only. Actual premiums are based on several factors, including health conditions, age, location, tobacco status, gender, and insurance provider.
