A Medigap plan is a health insurance policy, sold by private companies, for filling the “gaps” present in original Medicare Program. South Carolina Medigap plans help in paying some costs of health care, which are not covered under original Medicare plan.
You need to have Medicare Part A and Part B plans, to purchase a Medigap policy. If you happen to be in open enrollment period of Medigap or if you are already covered under Medigap protection, then you have the right to purchase a Medigap policy. You might not be eligible to purchase Medigap plan, if you have Part C plan of Medicare, have Medicaid, have a Medigap plan already or are under 65 years and disabled or have end-stage kidney disease.
A pre-existing condition refers to a health problem, which you’ve had before the starting date of your new insurance policy. Sometimes, if you have any health issue prior to commencement of your Medigap policy, the Medigap insurance organization can deny coverage of that problem, for almost six months. This is known as “pre-existing condition waiting period”. This kind of waiting period can be used by the insurance company, if your condition gets diagnosed or treated in the six months prior to the starting of Medigap policy.
Look for a Medigap plan, which is affordable to you and which provides the necessary coverage. You should shop around, to know about types of policies offered by the companies. The amount charged by different insurance organizations, may differ for the same type of Medigap policy and all Medigap policies may not be offered by all the insurance companies. Before signing any policy, you should make sure that the company is reliable. You can contact the Department of Insurance, to know whether the company has license for doing business in your state.