Many people obtain policies to help pay for medical expenses, but some policies provide a benefit when someone dies, leaving many wondering whether health insurance in South Carolina pays a death benefit. 

Most health insurance policies do not pay out a death benefit. There is no lump sum payment when a loved one passes away. Instead, they pay for medical expenses while a person is alive. However, there are other options that can provide a payout to help with burial expenses. 

Some disability policies allow a one-time payout. This can help with past-due bills. If a person dies, or knows they will, before they use all of their disability coverage, they may be able to receive the remainder as a lump-sum payment. However, this must be withdrawn before they pass away, and it will often be deposited into their personal bank account. 

This policy is usually in addition to a standard health insurance policy. Work with an agent at Champion Insurance Agency to learn more about additional coverage and possible payouts. 

The only policy that always pays a death benefit is a life insurance policy. These policies are designed to help cover burial expenses and alleviate the financial hardship that often accompanies a loved one’s passing. 

Some companies offer group policies, allowing you to purchase this alongside a standard health policy. It’s common for employers to offer multiple policies together. 

We understand there are many myths surrounding health policies and the benefits they offer. Experienced agents at the Champion Insurance Agency can help you learn more. We’re currently serving South Carolina. Contact us today!

People who underestimate their income and receive health insurance marketplace subsidies that are too large have to pay some or all of the extra money back during tax time. This is known as subsidy reconciliation. However, the reconciliation process includes limits that protect those with lower incomes. If you’ve resisted signing up for marketplace health insurance subsidies because you were worried about owing a lot of money if your income increased, talk to Champion Insurance Agency, serving South Carolina, to see how you can find a good plan.

The Reconciliation Process Has Limits on What You Repay

For a number of people who have inconsistent incomes, like those who are self-employed, subsidy repayment can be a psychological obstacle to signing up in the first place. No one likes the idea of suddenly owing a lot of money at tax time that could nullify any gains they made in income that year, so why go near the health insurance marketplace?

However, the actual reconciliation process isn’t as severe as you might fear. If your income still falls below 400% of the federal poverty level, there’s a ceiling on how much you pay. In 2025, the maximum a single taxpayer would have to pay back is $1,625, or about $135.42 per month. Again, that’s the maximum, so what you might have to pay could be a lot less.

If your income exceeds 400% of the federal poverty level, however, then you’d have to pay everything back. But there’s a way to prevent reaching this point: You can adjust your income during the year. Your state’s marketplace portal has options for updating personal information, so you can adjust your premiums up or down during the year as needed.

Contact Champion Insurance Agency, serving South Carolina, to look at health insurance plans. Don’t let the idea of reconciliation stop you from finding a solid plan.

When considering a job change in South Carolina, maintaining health insurance coverage is one of the most important factors to consider. Whether you have been laid off, decided to move to a new position at a different company, or are leaving a company to start your own business, it is essential to ensure you have continued coverage to handle medical expenses in the event of an unexpected situation.

Keeping Your Current Plan

Speak with your employer about the possibility of keeping your current plan after leaving your job. You may be eligible for continued coverage through COBRA, which provides temporary coverage and gives you time to research other options or wait for your new employer’s policy to take effect.

Switching to a New Plan

If your new employer offers healthcare coverage, transitioning from your old plan to a new one should be straightforward. However, it is essential to confirm when the new plan will take effect, as coverage may not begin until up to 90 days after the plan is implemented. Additionally, review the details of your new plan to understand what is covered and the deductible you will need to pay for specific types of care.

Coverage on the Health Insurance Marketplace

Losing your current health insurance due to a job change qualifies as a "covered event," allowing you to select a new health insurance policy through the health insurance marketplace, even if the general enrollment period is closed. Alternatively, if your income is low, you may qualify for Medicaid.

Call Champion Insurance Agency for More Information

Champion Insurance Agency in South Carolina specializes in helping individuals find healthcare coverage that best meets their needs. Contact us today, and we will be happy to explain your options and provide policy quotes.