The 2017 edition of America’s Health Rankings puts South Carolina in 44th place out of 50 states in terms of overall health. An estimated 25% of the population is deemed physically inactive, which places greater risk to their health. South Carolina also has one of the highest uninsured rates in the whole country. This is why HealthQuoteInfo is here to help you find an affordable South Carolina health insurance plan.
Private South Carolina Health Insurance
South Carolina as an exchange (marketplace) for qualified health plans which allows for government subsidies for qualified tax payers. Yet for the whole state, there is only one carrier that offers health plans for the exchange and that is Blue Cross and Blue Shield of South Carolina.
The off-exchange market has also been limited in 2018, which saw 6 carriers offering health plans off-exchange in 2107. Now it is down to just BCBSSC and the Blue Choice Health Plan. However, at least residents of South Carolina can be assured that the off-exchange health plans still contain the essential benefits mandated by the Affordable Care Act.
To find the carrier and plans that are available for your particular South Carolina county, you need only to enter your zip code into our search bar. You will then have a set of plans applicable for the area you live in. You should review these plans carefully to see which ones suit your needs, and you can contact us if you need further guidance. The main advantage of obtaining health insurance from the private market is that you’re able to make your own choices.
Employer-Sponsored & Small Business Health Insurance South Carolina
With employer-sponsored insurance, you’re limited to choosing from the plans from the carrier that your employer picks for you and for the rest of the employees in your company. Larger companies are compelled to offer health plans for their workers if they have more than 50 employees working fulltime. Failure to do so can subject them to tax penalties.
Besides, such companies cannot only afford to do offer health plans but this decision can be a wise investment. The ROI is a happier work force, and the company is even better able to attract qualified workers to fill their positions.
It’s for these reasons that some small businesses offer these health plans as well. In addition, they may also enjoy tax credits. Some self-employed small business owners also offer health plans for their employees so that they themselves can enjoy the benefits of the health insurance coverage they choose.
Employees may not have much of a choice regarding which carrier offers the plans, but they do enjoy the privilege of such plans without paying the full price of the premiums. This is because employers pay a large percentage of the premiums to reduce price for their employees.
If you lose your job, it doesn’t automatically mean you lose the coverage from the health insurance from your previous employer. The COBRA program allows you to cover the premiums on your own, for an extended period that can last up to 18 months. You should then have enough time to find new employment or new private insurance.
Avoiding a lapse in coverage is crucial, as it may allow carriers to refuse coverage for pre-existing conditions if you don’t have prior health care coverage. You also need to remember that if you’re a new employee, it may take time before you’re eligible for the health plan. If your lapse of coverage is long enough (normally 63 days at least), it may allow the insurance carrier in your next job to look over your medical history for the last 6 months. They may exclude coverage for the first 12 months of the coverage for any pre-existing medical condition they may find in your medical history.
Medicaid & Low Income Health Insurance South Carolina
Medicaid eligibility is significantly more restrictive than the guidelines in other states, and South Carolina is one of the states that have refused to expand Medicaid. More than 1 million South Carolina residents draw health care benefits from Medicaid, but most of them are children.
The main reason why children are the main beneficiaries of Medicaid is because of the less stringent standards brought by the Children’s Health Insurance Program (CHIP). This allows children to receive Medicaid benefits if their families have an income that is 208% of the federal poverty level. This is an income ceiling of $52,208 for a family of four.
For adults in the state, enrollment in Medicaid is virtually impossible without any disability or without children. The working parents with dependent children can qualify for Medicaid, but only if their income does not exceed 89% of the FPL. That’s $22,339 for a family of four. But if the parents with dependent children are unemployed, the requirements drop even further to 50% of FPL. That’s an income of merely $12,550 a year for a family of four.
Pregnant women can also qualify. Their unborn child or children can be automatically counted as part of the household when the income ceiling is determined. The newborn can also qualify for Medicaid once they’re born. The income ceiling for pregnant women is 194% of the FPL. This is $48,694 annual income for a family of four.
The aged, blind, and disabled are also covered in the program, and Medicaid offers coverage to cover the special healthcare services they may need for their medical condition.
South Carolina Open Enrollment 2019 & South Carolina Obamacare Insurance
The South Carolina Open Enrollment period for health insurance in 2019 will run from November 1st, 2018 to December 15th, 2019.
For all your other questions regarding health insurance in South Carolina, please do not hesitate to give us a call at 1-855-614-5057. We stand ready to guide you so that you can get the health & medical insurance coverage you need and deserve.