Nassau Life Supplemental Medicare Plans are offered through Nassau Financial Group, and the company is located in Hartford, Connecticut. They have been in business since 1851 and manage over $19 billion in assets.

The company focuses on its core values for success: service, commitment, and integrity. If underwriting is required, a decision is made within minutes, and if approved, the policy will be issued within a couple of business days.

Nassau Life Supplemental Medicare Plans

Nassau Life offers services in three related fields. They are providing solutions for insurance, reinsurance, and asset management. We’re going to focus on the insurance portion of Nassau Life. They started offering Medicare Supplement coverage in 1980.

Most Medicare beneficiaries don’t stick with only Federal Medicare Program. They typically purchase a supplemental Medicare health plan. These options are Medicare Advantage, Medicare Supplement plans, or Medicare Part D Prescription Drug Policies.

Nassau Life Medicare Supplement Plans

We’ll review Medicare Supplement Plans first. This option uses private insurance as secondary coverage for Medicare Part A and Medicare Part B. Medicare Supplement insurance policies don’t include Medicare prescription drug coverage. A Medicare Supplement plan is the most comprehensive coverage that Medicare beneficiaries can enroll in. Beneficiaries with Original Medicare and a Medicare Supplement Plan have fewer out-of-pocket costs after paying the premium.

These plans work by paying your portion of the Medicare cost-share. Depending on which plan letter you select, you could spend little to nothing using Medicare-covered services. Medicare Supplement policies are also known as Medigap plans because they fill in the gaps left by Original Medicare.

Types of costs covered by Medigap plans include

  • Medicare Part A Deductibles
  • Medicare Part A Copayments
  • Skilled Nursing Facility Copayments
  • Medicare Part B Deductible
  • Medicare Part B Excess Charges
  • Medicare Part B Coinsurance

Because Medicare is primary, Medicare Supplement Plans are considered secondary to Medicare. You won’t need a referral, and you can see any healthcare provider that accepts Original Medicare.

Nassau Life Medicare Advantage Plans

Medicare Part C combines your Medicare Part A and Part B benefits. Medicare Advantage plans will usually include Medicare prescription drug coverage. The benefits are incorporated into a single plan that, in most cases, will consist of services and benefits that are excluded from Original Medicare. Some examples include dental, vision, and hearing coverage.

Nassau Life doesn’t offer Medicare Advantage plans.

Nassau Life Medicare Part D

Medicare prescription drug coverage is called Medicare Part D. Medicare beneficiaries usually add these stand-alone plans when they have Original Medicare only or a Medicare Supplement plan.

Nassau Life doesn’t offer Part D prescription drug plans. Let us know if you need help with Medicare Advantage or Part D plans. Our licensed brokers can assist you with details of your area’s prescription drug and Medicare Advantage plans.

Financial Strength Ratings

It’s essential to look at a company’s financial strength and ratings to understand better how they manage their business.

Companies with higher ratings are more likely to process claims faster, offer competitive rates, and minimize rate increases. AM Best rewarded Nassau Life a “B+ Good” rating.

Reviews

Nassau Life is competitive in the 27 states they offer Medicare Supplement Plans. With a simple underwriting application that boasts a mere 15 yes or no questions, you’ll know within minutes if the policy can be issued.

FAQs

Is Nassau Life a good company?

Nassau Life has been in business for over 170 years. The company was previously known as The Pyramid Life Insurance Company. The pyramid was formed in 1913 and had been offering Medicare Supplement coverage since the inception of the Medicare program.

What is the cost of Nassau Re Medicare Supplemental insurance for Medicare?

Medicare Supplement coverage can range in price from $90 per month to $300 monthly. Several variables can affect the cost of Medicare Supplement plans. Some examples are where you live and how old you are.

What does Nassau Re supplemental insurance cover?

The most popular Medicare Supplement Plan is Plan F. This plan is so popular because Plan F covers all cost-share not paid by Original Medicare. Including skilled nursing facility, Part A and Part B deductibles, Part B excess charges, and foreign travel emergencies.

Plan G covers everything except the Part B deductible. This is the most comprehensive plan for beneficiaries now starting Medicare.

Who is eligible for supplemental Medicare insurance?

Anyone enrolled in Original Medicare is eligible to apply for a Medicare Supplement Plan or Medicare Advantage plan. To enroll in coverage, you must register in Medicare Parts A and B and live in the plan’s service area.

How to Enroll in a Nassau Life Medicare Plan

If it sounds like a Medicare supplement plan with American Home Life is the right plan for you, we can help. We can also help you to explore other options. Our licensed insurance agents can educate and verify that you’re choosing coverage that fits your needs.

Give us a call for assistance enrolling or information on supplemental Medicare policies. You can fill out our online request form if now isn’t the best time. We’re here to help and make the process as quick and efficient as possible.

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by Lindsay Malzone, Lindsay Malzone is the Medicare expert for Medigap.com. She's been contributing to many well-known publications as an industry expert since 2017. Her passion is educating Medicare beneficiaries on all their supplemental Medicare options so they can make an informed decision on their healthcare coverage.