by Russell Noga | Updated February 2nd, 2024
Are you looking for reliable coverage to complement your Original Medicare plan? Nassau Medicare Supplement plans offer a robust solution, filling the gaps that Original Medicare leaves behind. Our plans provide the financial security and flexibility needed, with competitive pricing and benefits tailored to a variety of healthcare needs. This article will guide you through the benefits of Nassau’s plans, coverage details, costs, and the enrollment process, ensuring you have all the information to make an informed decision.
Key Takeaways
- Nassau Medicare Supplement plans provide secondary coverage to Original Medicare with a range of policies (A, F, G, N) designed to reduce out-of-pocket costs and address unforeseen medical expenses, with no need for referrals and competitive pricing including household discounts.
- Nassau Life Insurance Company has a long history of financial stability, indicated by its ‘B+ Good’ AM Best rating, and offers a variety of insurance and financial products for retirees, including Medicare Supplement plans initiated in 1980 to cater specifically to healthcare needs.
- Enrollment in Nassau’s Medicare Supplement plans is accessible with simplified underwriting and a fast approval process, plus they’re available during designated enrollment periods with eligibility for Medicare part A & B and special considerations for specific life events or changes.
Compare 2024 Plans & Rates
Enter Zip Code
Understanding Nassau Medicare Supplements
Have you heard about Nassau Medicare Supplement plans? These plans function as secondary coverage to Original Medicare, addressing the areas that Original Medicare does not cover. The beauty of these plans is that they allow flexibility. For instance, you don’t need a referral to see any healthcare provider who accepts Original Medicare.
Retirees, who frequently encounter unforeseen medical costs, can greatly benefit from these plans. A Medicare supplement insurance policy, like the ones offered by Nassau, specifically caters to these expenses that are not included in Original Medicare, providing a safety net for retirees.
Nassau Life Insurance Company
Nassau Life Insurance Company, a part of Nassau Financial Group, has a rich history dating back to 1851, demonstrating its resilience and expansion over the years. As a reputable provider of insurance, reinsurance, and asset management services, Nassau provides a variety of products designed to safeguard individuals’ financial future in retirement. These include:
- Policies for savings protection
- Guaranteed income
- Health care coverage
- Medicare Supplement insurance
- Asset management services through various Nassau corporate entities.
The company has been assigned a financial strength rating of ‘B+ Good’ by AM Best, indicating a stable financial standing. The Medicare Supplement coverage was initiated in 1980, broadening the range of offerings to cater to the healthcare needs of retirees and offer Medicare Supplement plans.
Medicare Supplement Policies Offered by Nassau
Nassau offers various Medicare Supplement policies to cater to the diverse needs of beneficiaries. These include:
- Medigap plans A
- Medigap plans F
- Medigap plans G
- Medigap plans N
All of these plans are competitively priced and offer benefits at par with those provided by other companies.
Take note that only individuals who qualified for the federal Medicare program before January 1, 2020, are eligible for Plans C, F, and F+. This Medicare prior specificity ensures that the plans cater to the right demographic, providing comprehensive coverage where it is most needed.
Benefits of Choosing Nassau Medicare Supplement Plans
Opting for a Nassau Medicare Supplement plan brings numerous advantages. These plans provide reduced out-of-pocket costs and safeguards against unexpected expenses, thus serving as the most comprehensive coverage option for Medicare beneficiaries.
With Nassau, you have the flexibility to choose a plan that suits your needs the best. The company provides coverage through the following plans:
- Plan A
- Plan F
- Plan G
- Plan N
Each plan offers varying levels of benefits, but Plan F stands out as the most comprehensive option.
The cost for Nassau’s Medicare Supplement coverage ranges from $90 to $300 per month, depending on the plan and other determining factors. And the cherry on top? Nassau Medicare Supplement Plans offer household discounts, thereby increasing the affordability for beneficiaries.
Comprehensive Coverage
Nassau Medicare Supplement Plans offer thorough coverage, including:
- Inpatient hospital stays
- Care in a skilled nursing facility
- Hospice care
- Some home health care
- Coverage for preventive care services
But what about prescription medications? The coverage varies across plans. Here are some key points to consider:
- Plan F offers the most extensive coverage
- Plan A provides more basic coverage for medications
- Certain Nassau Medicare Supplement Plans also provide coverage for emergency medical care for beneficiaries traveling outside the United States.
Competitive Rates and Household Discounts
Pricing is a crucial factor when selecting a Medicare supplement plan. Nassau Life Insurance Company of Kansas provides competitive pricing options for Medicare Supplement Plans A, F, G, and N. These coverage options range from $90 to $300 per month, offering comprehensive coverage at a competitive price.
What’s more, Nassau Life provides a 7% household discount for individuals residing with an adult over the age of 50. This means beneficiaries can potentially save on their premium costs, particularly for individuals interested in Plan F.
Simple Underwriting and Quick Approval Process
While applying for a Medicare supplement plan may seem challenging, Nassau makes it easy. The company offers a simplified underwriting procedure, involving a concise application with 15 yes-or-no questions. This optimizes the enrollment process, making it hassle-free for applicants.
Moreover, Nassau stands out with its quick approval process. Applicants can anticipate the approval of Nassau Medicare Supplement Plans within an average time of just 3 minutes after submitting an online application. The underwriting process usually does not entail medical examinations, although an Attending Physician’s Statement (APS) may be required in certain situations.
Compare Medicare Plans & Rates in Your Area
Enrollment Process for Nassau Medicare Supplement Plans
The process of enrolling in a Nassau Medicare Supplement plan is quite simple. The eligibility requirements for Nassau Medicare Supplement Plans differ depending on the specific plan. For instance, the Nassau Elite program has its own set of qualification criteria. Additionally, there are plans designed for individuals who qualify for Medicare due to disability, with specific plan options available in Indiana (Plan A), Maryland (Plan A), and other areas.
There are different enrollment periods, but it is generally recommended to enroll during the Medigap Open Enrollment Period. This period spans 6 months and begins on the first day of the month when you become eligible for Medicare.
To apply, individuals can contact Nassau Life Insurance Company or fill out their online request form. The online application involves submitting necessary information and may result in a real-time underwriting decision within 3 minutes of submission.
Eligibility Criteria
To be eligible for Nassau Medicare Supplement Plans, one must fulfill the Medicare eligibility criteria. Typically, enrollment in both Medicare Part A and Part B is a requirement, although specific criteria may vary by plan.
Regarding age and health conditions, the eligibility criteria for Nassau Medicare Supplement Plans are as follows:
- There is no specific age limit for eligibility.
- According to federal law, Medigap policy insurers have the discretion to exclude coverage for pre-existing medical conditions for the initial six months.
- In the majority of states, insurance providers have the authority to reject private Medigap insurance applications from seniors post their initial enrollment in Medicare.
Non-U.S. citizens who hold legal permanent resident status are generally considered eligible for Nassau Medicare Supplement Plans.
Enrollment Periods
Nassau Medicare Supplement plans have a designated Open Enrollment period in December, during which eligible beneficiaries can enroll. The specific dates of the Open Enrollment Period for Nassau Medicare Supplement plans are from December 12, 2022, through December 22, 2022.
In certain cases, Special Enrollment Periods can be activated by a range of life events, including:
- Loss of health coverage
- Relocation
- Marriage
- Childbirth
- Adoption
- Decrease in household income below a specific threshold.
The Open Enrollment Period commences on the first day of the month in which an individual turns 65 or older and is enrolled in Medicare Part B.
How to Apply
To apply for a Nassau Medicare Supplement Plan, follow these steps:
- Assess the available plans and choose a suitable policy.
- Gather the necessary documents, such as proof of eligibility and completed application forms.
- Submit your application with all the required documents.
For convenience, Nassau provides the option for online enrollment following the program rules. The online application involves submitting necessary information and may result in a real-time underwriting decision within 3 minutes of submission.
Apart from the online application, applications can also be submitted through a broker or a third-party platform. Once the application is submitted, the anticipated processing time is usually 3 to 4 days.
Comparing Nassau Medicare Supplement Plans with Medicare Advantage
Although Nassau Medicare Supplement plans provide extensive coverage, comparing them with Medicare Advantage plans is essential for making an informed decision. Medicare Supplement plans offer supplementary coverage to Original Medicare, whereas Medicare Advantage integrates Part A, Part B, and often Part D.
In 2024, the average monthly premium for Medicare Advantage plans in Nassau County, New York is $18.05, whereas the typical monthly premium for Plan F in Nassau County, New York is $389.56.
Medicare Advantage plans may offer additional benefits such as dental, vision, and hearing coverage, which are not included in Nassau Medicare Supplement Plans.
Coverage Differences
Nassau Medicare Supplement Plans, including plans A, F, G, and N, provide diverse coverage options.
Conversely, Medicare Advantage Plans encompass all Original Medicare services and may incorporate supplementary benefits such as:
- prescription drug coverage
- dental coverage
- vision coverage
- hearing coverage
- wellness coverage
Nassau Medicare Supplement Plans offer secondary coverage by utilizing private insurance as secondary coverage for Medicare Part A and Part B, with diverse coverage options based on the chosen plan. On the other hand, Nassau Medicare Supplement Plans do not provide coverage for prescription drugs. Beneficiaries may need to obtain a separate Part D plan to access this coverage.
Cost Comparison
The comparison of costs is of great importance as it enables beneficiaries to gain insight into the variations in premiums, copayments, and deductibles between Nassau Medicare Supplement plans and Medicare Advantage plans. The typical cost of Nassau Medicare Supplement plans is $389.56 per month for Plan F, while the average out-of-pocket limit for Medicare Advantage plans is $4,835 for in-network services.
Indeed, Medicare Advantage plans may entail additional expenses that are not found in Nassau Medicare Supplement plans, potentially influencing the total cost for beneficiaries.
Additional Benefits
Incorporating additional benefits like dental, vision, and hearing in Medicare plans holds importance due to the limited coverage of these services under traditional Medicare. The exclusion of dental, vision, and hearing services from original Medicare often results in substantial out-of-pocket expenses for beneficiaries. Therefore, the inclusion of these additional benefits can effectively alleviate the financial strain on beneficiaries.
Medicare Advantage plans commonly encompass supplementary benefits such as vision, hearing, dental care, prescription drugs, and fitness programs, which are not covered by Original Medicare.
Nassau Medicare Supplement Plans in Different States
Available in 27 states, Nassau offers Medicare Supplement insurance with comprehensive healthcare coverage to beneficiaries across the United States through their Medicare Supplement Plans.
In Northeastern New York, particularly in Nassau county, there are 19 Nassau Medicare Supplement Plans accessible. The coverage and benefits of these plans may vary from those in other states due to state-specific regulations.
Western New York
In Western New York, Nassau Medicare Supplement Plans include Plan N offered by Highmark Blue Cross Blue Shield of Western New York, as well as Plans A, F, G, and N offered by Nassau Life Insurance Company of Kansas.
These plans provide:
- Nationwide coverage, allowing flexibility to access any Medicare-accepting doctor or hospital
- No referrals required for specialist visits
- Guaranteed renewable, ensuring clients cannot be canceled due to health conditions or medical usage as long as premiums are paid on time.
Northeastern New York
In Northeastern New York, Nassau Life Insurance Company provides the following Medicare Supplement Plans:
- Plan A
- Plan F
- Plan G
- Plan N
Each plan offers varying levels of coverage, with Plan A being the most basic and Plan F providing the most comprehensive coverage.
The eligibility criteria for these plans require individuals to be enrolled in both Medicare Part A and Part B, and should not be enrolled in a Medicare Advantage plan. Additional requirements may apply for certain plans based on the individual’s eligibility for Medicare.
Other States
Nassau Medicare Supplement Plans are offered in the following states:
- Alabama
- Colorado
- Delaware
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maryland
- Michigan
- Mississippi
- Montana
- Nebraska
- New Mexico
- Nevada
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Pennsylvania
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
The availability and pricing of Nassau Medicare Supplement Plans can differ from state to state. The plans provide options of plans A, F, G, and N, each with different levels of coverage and associated costs. Plan F offers the most extensive coverage, while plan A offers the most fundamental coverage.
Customer Support and Additional Resources
Nassau Life Insurance Company offers strong customer support and a wealth of extra resources to help beneficiaries. To access customer support for Nassau Medicare Supplement Plans, you can reach out to Nassau Life Insurance Company’s by dialing their Nassau Service Center at 1-800-541-0171.
The company provides customer support services that cover costs, comprehensive details, and inquiries regarding Medicare Supplement Plans. Additionally, agents can assist with withdrawing applications before policy issuance by calling 1-800-417-4769.
Nassau Life Insurance Company offers a range of online resources, such as official state department websites for Medicare information, as well as interactive tools and videos designed for agents to gain insight into Medicare Supplement Plans.
Contact Information
To reach out to Nassau Life Insurance Company, you can:
- Call their customer service phone number at 1-800-541-0171
- Send mail to their mailing address at P.O. Box 22012, Albany, NY 12201-2012
- Utilize the live chat feature on their website for real-time assistance.
The business hours for customer service at Nassau Life Insurance Company are not specified. For updated information on service hours, you can contact their Service Department directly at 1-800-541-0171.
Online Resources
Nassau provides a host of online resources including:
- Information about their Medicare Supplement Plans A, B, F, G, and N
- Links to official state department websites
- Specifics about Medigap, Medicare Advantage, and Part D plans offered by Nassau Life Insurance Company of Kansas.
These online resources can be accessed through their official website, where they provide a range of valuable resources and information regarding their Medigap, Medicare Advantage, and Part D plans. Apart from this, they provide an option for online enrollment, making it convenient for beneficiaries.
Summary
In conclusion, Nassau Medicare Supplement Plans offer substantial coverage, competitive rates, easy enrollment, and reliable customer support. These plans provide a safety net, helping beneficiaries manage unexpected healthcare expenses and ensuring peace of mind. Whether you’re in Western New York, Northeastern New York, or any of the other 27 states where these plans are offered, rest assured that Nassau has got you covered.
Compare 2024 Plans & Rates
Enter Zip Code
Frequently Asked Questions
Is Nassau a good company?
Yes, Nassau is a good company as it receives fewer customer complaints compared to others, and has an average rating of 4.5 out of 5 from verified customers. Additionally, it has a B+ (Good) rating from AM Best.
What is the most popular Medicare supplement plan for 2023?
The most popular Medicare supplement plan for 2023 is Plan F, followed by Plan C, Plan G, and Plan N. These plans are widely chosen for Medicare supplement insurance needs.
How can I apply for a Nassau Medicare Supplement Plan?
You can apply for a Nassau Medicare Supplement Plan by contacting Nassau Life Insurance Company or filling out their online request form.
Are Nassau Medicare Supplement Plans offered in my state?
Nassau Medicare Supplement Plans are available in 27 states across the United States, including [Your State].
Speak to the Professionals about Medigap Plans and Original Medicare
If you find understanding the benefits involved with Original Medicare and Medigap Plans challenging, you’re not alone. Whether it’s a Medigap plan, or you want to know more about Nassau Medicare Supplement, we can help. Call our team at 1-888-891-0229 for a free consultation or complete the contact form on this site, and an expert will call you back at a convenient time.
We have decades of experience advising our clients on the complexities of Medicare and Medigap plans, the benefits, cost and deductibles. We’ll ensure you get the best rate in your state and advice you can trust.
Russell Noga is the CEO and Medicare editor of Medisupps.com. His 15 years of experience in the Medicare insurance market includes being a licensed Medicare insurance broker in all 50 states. He is frequently featured as a featured as a keynote Medicare event speaker, has authored hundreds of Medicare content pages, and hosts the very popular Medisupps.com Medicare Youtube channel. His expertise includes Medicare, Medigap insurance, Medicare Advantage plans, and Medicare Part D.