More Types of South Carolina Health Insurance Coverage Plans
Additional Coverage Options
These types of policies provide added protection should you become disabled, require long-term care, or enroll in Medicare:
- Disability Income - This coverage provides for weekly or monthly benefit payments while you are disabled after a covered injury or sickness. The disability payment is usually a set dollar amount not to exceed a certain percentage of your income. These policies usually expire when you become eligible for Medicare.
- Long-Term Care Insurance - This policy usually pays for skilled, intermediate and custodial care in a nursing home and also for care in other settings, such as the home, adult day care center or assisted living facility. The policy usually pays a fixed amount per day while a person is receiving care.
- Medicare Supplemental Coverage - The federal Medicare program pays most medical expenses for people 65 or older, or for individuals under 65 receiving Social Security disability benefits. However, Medicare does not pay all expenses. As a result, you may want to buy a Medicare Supplement policy that helps pay for certain expenses, including deductibles not covered by Medicare.
These are NOT health insurance plans:
- Discount Plans
You may receive advertisements from plans offering discounts on health care for a monthly fee. These are not health insurance plans and participants do not have the same protections as under licensed health insurance plans. The Department of Insurance strongly recommends that you thoroughly investigate any plan promising deep discounts for a "low" monthly fee and weigh the benefits against the cost carefully. - Non-Licensed Risk-Sharing Plans
You may receive offers to join a group or association that will take your monthly payments, put them in a savings account (or trust) with other participants' money, and then help pay some of your health care costs, as needed. Such arrangements are not insurance and the participants do not have the protections available to purchasers of licensed insurance plans. The Department of Insurance strongly recommends that you thoroughly investigate such plans before joining.
Resources:
- » Information on Health Insurance Claim-Processing Companies and COBRA
- » Getting Information on Dealing with Disabilities and Health Insurance
- » Information on Electronic Health Insurance Claim-Processing, ERISA and HMO's
- » Where to Get Information on Long-Term Care Health Insurance Coverage
- » Information on Medicare Health Coverage and Veterans' Health Insurance Benefits
Articles:
- » Health Insurance and Health Care Glossary of Terms
- » Health Insurance Terms and Definitions for Documentation, Coverage and More
- » Health Insurance Terms Covering HMO's, Medicare, Long-Term Care and More
South Carolina Health Guide Pages:
- » Why You Should Have South Carolina Health Insurance
- » Types of South Carolina Health Insurance Plans
- » More Types of South Carolina Health Insurance Coverage Plans
- » Information About South Carolina Cancer Insurance
- » Your Rights as a South Carolina Health Insurance Customer
- » South Carolina Health Insurance Long Term Care for Seniors
- » South Carolina Medicare Supplement Health Insurance Information
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