South Carolina Medicare Advantage Plans: Still Some Good Options

October 15, 2009 by · Leave a Comment

South Carolina Medicare Advantage plans for 2010 are beginning to be released. Despite much concern among seniors that there will not be any more good choices for the privatized version of Medicare, there appears to still be some South Carolina Medicare Advantage plans that will be advantageous to South Carolina seniors.

As always, Medicare Advantage plans may be a good option for you if you cannot afford a Medicare Supplement, qualify medically for a Medicare Supplement, or if you are in very good health with few medical expenses.

The 2010 South Carolina Medicare Advantage plans feature plans with premiums starting at $0. Many of these plans include prescription drug coverage, dental insurance and vision/hearing insurance also.

If you have had Medicare Advantage in the past, or have it now, this is the perfect time to compare your options. As you have probably seen (or will see soon), a good number of the plans are either leaving the Medicare Advantage program altogether or greatly increasing premiums. What was a good option for 2009 may not be a good option for the upcoming year.

To compare options and get information on the plans that are available in your specific county, visit South Carolina Medicare Insurance Quotes. For faster service by email, please enter “MA” and your county of residence in the “Comments” box. We will get back in touch with the relevant information about the plans in your area within 24 hours (usually within one hour!).

Filed Under: 2010 plans, South Carolina Medicare Advantage plans · Tagged: , ,

South Carolina Medicare Supplement Plans Brace for Influx of Medicare Advantage Customers

September 28, 2009 by · Leave a Comment

With the already-set and anticipated changes to the Medicare Part C Medicare Advantage program for 2010, Medicare Supplement plans in South Carolina and nationwide are bracing themselves for what they expect to be an “onslaught” of new customers to the Medicare + Medicare Supplement marketplace.

South Carolina Medicare Advantage plans are expected to see increases in premium of $40-70, on average, for 2010, as well as reducing some of the benefits that they have provided in the past. In addition, the days of the $0 premium Medicare Advantage plans are, most likely, gone (or almost gone). Medicare Supplement companies are expecting, and rightfully so, that many of these people will find themselves searching for Medicare Supplement plan options to replace their Medicare Advantage plans.

With Medicare Advantage plans increasing in premium to levels of some of the lower tier supplement plans, plus having more cost-sharing (i.e. co-pays and deductibles), most companies and those in the industry project that the supplement plans will be a more viable option for this Medicare enrollees in 2010.

Coupled with the sharp increase in the last two years of companies dropping retiree insurance, the last two months of this year are projected to be the busiest ever for Medicare Supplement enrollments.

With this information in mind, if you plan to disenroll from a Medicare Advantage plan this enrollment season (or, even if you are changing to a new plan), it is advisable to get an early start on doing so. Companies, agents and Medicare itself are expected to be very busy this enrollment season. Below are a couple of resources if this situation applies to you:

Filed Under: Health care reform, South Carolina Medicare Advantage plans, South Carolina Medicare Supplements · Tagged: , , ,

Medicare Supplement Open Enrollment

August 28, 2009 by · Leave a Comment

South Carolina Medicare Supplement policyholders often ask me about the Medicare Supplement Open Enrollment period, thinking that it takes place at the end of the year (November-December). However, Medicare Supplement Open Enrollment is not a once-a-year occurrence. It occurs only when someone is turning 65 or first signing up for Medicare Part B – NOT each year on an annual basis.

In other words, you can change or add a Medicare Supplement plan at any time during the year, not just during a once-a-year period. Many people do elect to evaluate their options once a year at the end of the year; however, this is not the only time that you can do it. In fact, you are likely to get more attention from the company or broker you are dealing with if you evaluate/change plans in the middle of the year.

Many people get confused about this, in part, because South Carolina Medicare Part D does have a once-a-year Annual Election Period (AEP), and it is November 15-December 31 each year. Also, the Medicare Advantage plans, the privatized version of Medicare, do also have enrollment/disenrollment restrictions, which include a certain times of the year for you to enroll or disenroll from those plans.

Maybe the best time of all to review your South Carolina Medicare Supplements coverage is whenever your rates change. Since coverage is Federally-standardized, there is never any reason to pay more than the bottom-line price for your supplement insurance.

Filed Under: Medicare insurance news, South Carolina Medicare Advantage plans, South Carolina Medicare Supplements · Tagged: , , ,

South Carolina Medicare Supplements — When is Open Enrollment?

July 21, 2009 by · Leave a Comment

I get asked this question all the time: “I have a Medicare Supplement. When does that open enrollment period start again?” When you have employer-sponsored insurance, as many people do during their working lives, you get accustomed to having a certain period of the year in which you can make changes. Plus, you are inundated with the Medicare Advantage and Part D (prescription drug) advertising, phone calls and mailings trumpeting the onset of the annual open enrollment period.

Overlooked in all of this is the fact that, for South Carolina Medicare Supplement plans, there is no certain open enrollment period. You can change Medicare supplement plans at any time, as long as you can qualify medically.

However, Medicare Advantage plans and Part D prescription drug coverage plans, do have an annual enrollment period, which runs from Nov 15-Dec. 31 of each calendar year. Then, Medicare Advantage plans have an additional enrollment period (with some stipulations) from Jan. 1-Mar. 31.

If you have a Medicare Supplement, though, don’t be confused. The best time to re-evaluate your coverage and save money is during the middle of the year when no one else is doing it!

Filed Under: Part D, South Carolina Medicare Advantage plans, South Carolina Medicare Supplements · Tagged: , ,