Medicare Prescription Drug Plans in South Carolina
South Carolina Medicare Part D 2022 Updates
People with Medicare benefits in South Carolina have more Medicare Part D Plan (PDP) choices in 2022. However, the maximum deductible is now up to $480, up from $445 last year, a $35 increase over last years' maximum deductible. The Initial Coverage LimitOnce you have met your yearly deductible, you will pay a copayment or coinsurance for each covered drug until you reach the initial coverage limit. You will then enter your plan’s coverage gap (aka, “donut... has increased to $4,430, a $300 bump over last year. The following will assist you in choosing the best Medicare Part D plan in South Carolina at a price that's within your budget.
2022 Medicare Part D Maximum Deductible
A Medicare Part D plan's deductible is the amount you pay out-of-pocket before the initial coverage phase begins and the plan begins paying its share. So, if you enroll in a plan with a $225 deductible, you'll spend that much at the pharmacy for your prescriptions. After that amount, you will pay the copay amount only until you reach the coverage gapA period of time in which you pay higher cost-sharing for prescription drugs until you spend enough to qualify for catastrophic coverage.. Most Medicare prescription drug plansMedicare Part D plans are an option Medicare beneficiaries can use to get prescription drug coverage. Part D plans provide cost-sharing on covered medications in four different phases: deductible, initial coverage, coverage gap, and catastrophic. Each... have a deductible, however, many plans exclude Tier 1 drugs from the deductible, which gives you first-dollar coverage on most lower-cost medications.
2022 Medicare Part D Initial Coverage Limit
The Part D ICL (Initial Coverage Limit) for 2022 is $4.430. During the ICL phase, your Part D plan will cover the majority of your prescription costs. If your prescription costs exceed $4,430 you go into the coverage gap phase ("donut hole")
Will You Fall Into The 2022 Donut Hole?
After your 2022 gross drug costs have reached $4,330, you will enter the Coverage Gap phase. This is where you will pay 25% of your medication's retail cost. While the price of generic drugsA generic drug is a prescription medication that has the same active ingredient formula as a brand-name drug. Generic drugs usually cost less than brand-name drugs. might not be much different, what you pay for brand-name drugs will be higher (because you're paying 25% of the full price). This will continue until you reach $7,050 in True Out Of Pocket Costs (TrOOP).
Some plans offer additional gap coverage, so look for it on the plan information pages.
Choose Your Part D Plan with Care
Evaluate Part D Medicare plans wisely. If you have a regular prescription or two, we suggest that you verify that the plan you want offers your medication(s) at a good price. You find this information in the formularyA formulary is a list of prescription drugs covered by a prescription drug plan or another insurance plan offering prescription drug benefits. Medications not on a plan's formulary are generally not covered.. We post links to the formulary and pharmacy web pages, as well as the plan's phone number, on each of the PDP pages listed above.
VITAL: Identifying the best Medicare Part D Plans requires research. What works the best for you is all about your regular prescriptions (if any), your health and what you can afford.
Medicare Part D is Included with Most South Carolina Medicare Advantage Plans
There's more than one way to get prescription drug coverage with your Medicare benefits. The first way is by enrolling in one of the Medicare Prescription Drug Plans listed above. The second way to get help paying for your prescriptions is through one of the South Carolina Medicare Advantage Plans that include Part D.
Using Supplement Insurance with Medicare Part D
Medicare does not pay for all of your hospitalization and doctor bills. Even with the new healthcare law fully in place, your Original MedicareOriginal Medicare is private fee-for-service health insurance for people on Medicare. It has two parts. Part A is hospital coverage. Part B is medical coverage. only pays about 80 percent of your South Carolina healthcare bills. We keep an up-to-date catalog of South Carolina Medigap Plans, also call a Medicare SupplementMedicare Supplements are additional insurance policies that Medicare beneficiaries can purchase to cover the gaps in their Original Medicare (Medicare Part A and Medicare Part B) health insurance coverage., with the tools you need to find the best price and coverage. The Medicare PartD plans above are fully compatible with South Carolina supplemental insurance.
Getting Medicare Part D with South Carolina Medicaid
In South Carolina, if you are eligible for both Medicare and MedicaidMedicaid is a public health insurance program that provides health care coverage to low-income families and individuals in the United States. (aka, dual eligible or Medi-Medi) you will automatically be enrolled in a South Carolina Medicare Prescription Drug Plan and the Social Security Extra Help program. Extra HelpSocial Security's Low-Income Subsidy (LIS) program helps Medicare beneficiaries pay for their Medicare Part D prescription drugs by paying some of the costs. Also known as "Extra Help", beneficiaries who qualify for LIS receive premium... pays for most of the costs of your prescriptions if you meet the eligibility requirements. You may also enroll in a plan of your own choosing that better meets your needs. If you qualified for Medicaid before you were eligible for Medicare, contact your local Medicaid office.
Frequently Asked Questions About South Carolina Medicare Part D Plans
Best plan is based on your regular prescriptions, cost, the pharmacy you use, and customer care provided by the plan. We recommend comparing these plans:
Medicare Part D plans adjust each year. For 2022 the average cost is around $32, but that varies slightly by location. To compare plans in South Carolina, which start around $20 per month, South Carolina, goto this page.
You can find all of the 2022 Medicare Part D plan information for South Carolina right here. You can compare plans, including monthly premiumsA premium is an amount that an insurance policyholder must pay for coverage. Premiums are typically paid on a monthly basis. In the federal Medicare program, there are four different types of premiums. , deductiblesA deductible is an amount a beneficiary must pay for their health care expenses before the health insurance policy begins to pay its share., copaysA copayment, also known as a copay, is a set dollar amount you are required to pay for a medical service., and 5-star ratings.
PDP Eligibility and Availability
You are eligible to enroll in a South Carolina PDP plan if:
- You are a resident of the state,
- You are enrolled in Medicare Part AMedicare Part A is hospital coverage for Medicare beneficiaries. It covers inpatient care in hospitals and skilled nursing facilities. It also covers limited home healthcare services and hospice care. and Medicare Part BMedicare Part B is medical coverage for people with Original Medicare benefits. It covers doctor visits, preventative care, tests, durable medical equipment, and supplies. Medicare Part B pays 80 percent of most medically necessary healthcare services., and
- You are age 65+ or have Medicare due to a qualifying disability.
All plans on this page are available to beneficiaries in Greenville, Anderson, Mauldin, Columbia, Charleston, Mount Pleasant, Rock Hill, Summerville, Sumter, Hilton Head, and all rural areas of South Carolina.
Related: Compare 2022 Medicare Part D Plans in South Carolina
Citations & References
medicare.gov- https://www.medicare.gov/plan-compare/
- What Medicare Part D drug plans cover | Medicare https://www.medicare.gov/drug-coverage-part-d/what-medicare-part-d-drug-plans...
- Medicare.gov: the official U.S. government site for Medicare | Medicare https://www.medicare.gov/
- https://www.cms.gov/Medicare/Prescription-Drug-Coverage/PrescriptionDrugCovGe...
- CMS 1696 | CMS http://www.cms.gov/Medicare/CMS-Forms/CMS-Forms/CMS-Forms-Items/CMS012207.htm...
- MACRA: MIPS & APMs | CMS https://www.cms.gov/Medicare/Quality-Initiatives-Patient-Assessment-Instrumen...
- An Overview of the Medicare Part D Prescription Drug Benefit | KFF https://www.kff.org/medicare/fact-sheet/an-overview-of-the-medicare-part-d-pr...
- Medicare Part D: A First Look at Prescription Drug Plans in 2020 – Issue Brie... https://www.kff.org/report-section/medicare-part-d-a-first-look-at-prescripti...
- 10 Things to Know About Medicare Part D Coverage and Costs in 2019 | KFF https://www.kff.org/medicare/issue-brief/10-things-to-know-about-medicare-par...
- Home | State Health Insurance Assistance Programs https://www.shiptacenter.org/
The Medicare Part D information in this directory originates from CMS Landscape Source Files, is maintained by David Bynon and was last updated on .