South Carolina is highly ranked nationally in terms of its low tax burden on seniors. These low taxes have lead to a "graying" of the state population as a result of the immigration of retirees from other states and the out-migration of the younger population. According to census data, the 65 years and older population makes up 13.7% of the total South Carolina population, with this demographic to double in size in the next 20 years. Currently, there are 783,904 beneficiaries of Medicare in South Carolina, accounting for 17% of the total population.
Medicare is a federal health insurance program available to people age 65 and over or those who have received Social Security disability benefits for 24 months. Part A plans, also known as hospital insurance, cover inpatient care, skilled nursing home care, hospice care, and more. Part B, also known as medical insurance, pays for outpatient doctor's services such as X-rays, ambulance services, home health services, and more.