National Guardian Life Insurance Company has been offering Medicare Supplement plans since 2018. Established in 1910, National Guardian Life has offered various insurance products. NGL is a Mutual Company headquartered in Madison, Wisconsin.
Throughout this article, we’ll discuss what Supplemental Medicare plans do and NGLIC’s Medicare Supplement products. Next, we’ll explain Medicare Advantage plans and standalone Medicare prescription drug coverage.
Then, we’ll cover the financial strength and what that means for a company. Finally, we’ll answer a few common questions and explain how to get help with Supplemental Medicare coverage.
National Guardian Life Supplemental Medicare Plans
When you start Medicare, you learn some additional costs for using the Original Medicare health insurance. To help cover those costs, you can enroll in a supplemental Medicare plan. These plans will take you down one of two directions.
- A Medicare Supplement insurance policy is additional coverage you add to your Original Medicare. When choosing this direction, adding a Part D drug plan for your prescription medications is wise.
- A Medicare Advantage plan will provide another way to receive your Medicare benefits. Part C of Medicare combines your Medicare benefits into one program.
National Guardian Life Medicare Supplement Plans
Medicare Supplements insurance policies are the most comprehensive insurance coverage you can buy. These plans have additional monthly premiums and help you to cover your part of the Medicare cost share.
NGL’s Medicare Supplement offerings include:
Plans F, G, and N make up most of the Medigap enrollments nationwide. These Medicare Supplement plans have more complete coverage and better price points than the other options.
The Federal Government requires Medicare Supplement plans to be standardized, meaning Medigap plans must have the same coverage regardless of your chosen insurance company or location. To enroll in a Medicare Supplement, you must undergo a medical underwriting process.
The only exception is if you’re in your Open Enrollment period or have a Guaranteed Issue situation. You must enroll in Medicare Part A and B to meet eligibility requirements.
Some of the costs covered by Medicare Supplement plans include Medicare deductibles, Part B Coinsurance, and excess charges. Since a Medigap plan is secondary to Medicare still retains all the rights afforded by Original Medicare, such as the freedom to receive services from any healthcare provider participating in the Medicare program.
National Guardian Life Medicare Advantage Plans
Medicare Advantage plans to combine your medicare benefits into one plan. This will typically include your medicare drug coverage and Medicare Part A and B benefits.
Medicare Part C plans must provide coverage at least as good as Original Medicare, and many have additional benefits. For example, you could have a gym membership and dental, vision, and hearing coverage included in your Medicare Advantage policy.
National Guardian Life Medicare Part D
You can attain Medicare prescription coverage through either Medicare Part C or Medicare Part D plans. Part D is your standalone drug coverage designed to couple with Original Medicare or a Medigap.
NGL doesn’t provide access to Medicare Advantage or Part D prescription drug plans. If you need assistance with either of those style plans, please give us a call, or fill out our online request form.
National Guardian Life Medicare Pros and Cons
- NGL is a mutual company, profits are reinvested to keep rates lower
- Good customer service
- Monthly premiums are affordable
- Doesn’t provide Part C or drug plans
- Only has Medicare Supplement options in a handful of states
Financial Strength Ratings
AM Best gives National Guardian Life Insurance Company an “A” rating. A company’s Finacial rating will help you determine how well they perform in certain areas. For example, companies with solid financial ratings will typically have competitive rates, lower rate increases, and pay claims quickly.
National Guardian Life offers Medicare Supplement plans in 11 states. They have a solid financial rating and offer a household discount for their members. They have been in the insurance industry for over 100 years and have worked with Medicare since 2018. As a mutual company, the profits go back into the company to help keep rates lower for the policyholders.
Is National Guardian life a good company?
National Guardian has a high rating and offers great policy choices in the Medicare market.
What type of insurance is National Guardian life?
National Guardian Life offers a variety of insurance products. These include Life Insurance and Medicare Supplement plans.
What are the benefits of National Guardian Life supplemental Medicare plans?
The benefits will depend on which plan you select.
- Plan F will pay for all your leftover Medicare cost-share for services covered under Original Medicare.
- Plan G is identical to Plan F, with one exception. Plan G doesn’t pay the Medicare Part B deductible.
- Plan N is similar to Plan G. The most significant difference is you must pay a copay of up to $20 for doctor visits and up to $50 for an emergency room visit.
How to Enroll in a National Guardian Life Medicare Plan
We can help you enroll in a Medicare Supplement insurance policy with NGL. Simply fill out our online request form, or give us a call. Our licensed agents are experts at Medicare and can help you understand your options and enroll in the plan of your choice.