Medicare is a program of health insurance, consisting of four parts: hospital insurance (Part A), medical insurance (Part B), Medicare advantage plans (Part C), Medicare prescription drug plans (Part D). People aged 65 or older are deemed eligible for Medicare program. In certain cases, people under the age of 65, suffering from certain disabilities and individuals of all ages, suffering from permanent failure of kidneys are eligible for Medicare plan. Here are the criteria to be considered for Medicare South Carolina eligibility.
To obtain this part of Medicare, you need to be working in U.S. and paying your Social Security. No additional costs are associated with this coverage.
This part of Medicare requires you to pay premiums on monthly basis for obtaining it. Generally, these are deducted from your Social Security check, every month.
When you have both Part A and Part B Medicare plans covered, you will be eligible to register for either Medicare advantage plan or Medicare supplement plan.
In Medicare advantage plan (Part C), all the benefits pertaining to health insurance will be provided by the private company. Instead of supplementing, this plan takes up Medicare for managing your insurance related benefits. More cost-sharing is involved in Medicare advantage plan, because of co-pays and deductibles, but less monthly premiums than Medicare Supplement of South Carolina.
This plan is also known as Medigap plan. This plan is specifically designed to fill the “gaps” present in Medicare, so that you have minimized costs. These are standard plans, offered by all companies. The difference in these plans can be seen in the monthly premium costs.
Medicare prescription drug plan (Part D) can be obtained by paying additional monthly premiums. This plan is voluntary and you are eligible for Part D, if you have Part A, Part B or Part C plan coverage.