Nassau Medicare Supplement Review

Who Is Nassau Financial?

History

What Insurance Products Does Nassau Offer?

• Fixed Indexed Annuities that can help you capture positive market gains and protect you from market downturns by locking in your earnings each year.
• Multi-Year Guaranteed Annuities that offer a fixed interest rate for a certain number of years.
• Single Premium Deferred Annuities that offer a guaranteed income stream & protect you from unplanned care costs.

Instant Medicare Supplement Rates

Nassau Highlights

• Affordable Premiums: Competitive prices that can help keep your costs lower.
• Standardized Benefits: Follows federal standards for plans like Plan G, Plan N, and Plan F.
• Fast Underwriting: Often provides instant approval or denial decisions at the time of application and sign by email, text, or phone.
• It’s easy to apply – all you need to do is answer 16 medical questions with the agent at (614) 402-5160.

Will I Qualify For A Medicare Supplement With Nassau?

Nassau follows the same rules as every other company and will approve you if you’re in an open enrollment situation or Guaranteed Issue period.  Other than that, you’ll need to qualify by health, but there are conditions acceptable by Nassau that other companies would decline. Here are a few examples:

• Many companies have stopped approving applications if you get any type of injection in a doctor’s office. Nassau is a great company if you are getting some type of injection in a physician’s office, as they may approve you even with Cortisone or Vitamin B-12 shots. They may also consider IV infusions and gel injections into a joint after 12 months.
• Nassau will consider many different conditions, medications, and treatments when underwriting your application.  For example, they will want to know how long it has been since you have been hospitalized or received home health care.
• Certain respiratory disorders are accepted, while others are not, such as being on full-time oxygen (other than for sleep apnea). A degenerative neurological or muscular disease like Parkinson’s, Systemic Lupus, Huntington’s, Multiple Sclerosis, and Lou Gehrig’s are unfortunately disqualifiers.
• They may approve you even with kidney and liver issues based on the type of Liver disorder and treatment. Getting a policy with stage 1 or 2 Kidney Disease, but if you’re on dialysis, you’ll need to keep the Medigap policy you have now.
• Treatment for or a diagnosis of congestive heart failure, heart valve disorder, cardiomyopathy, heart rhythm disorder requiring a pacemaker or defibrillator, coronary artery disease, stroke, transient ischemic attack (TIA), angioplasty, bypass, stent placement, or valve replacement: it is possible to get coverage depending on how long ago the event occurred or if you’re currently taking maintenance medications.
• If you are being treated for any mental health disorder by a psychiatrist, they will consider the medications that you are being prescribed, the diagnosis of your condition, and treatment. Degenerative bone and joint disorders are a tricky situation – it all depends if you have recent fractures and if arthritis is disabling or well-controlled, as well as the type of treatments or medications you are receiving.
• Diabetes is one of the most common diseases seniors face today. Whether you are taking insulin will affect your insurability. If you have been diagnosed with retinopathy, neuropathy, or nephropathy as a result of Diabetes, you unfortunately will not pass their underwriting guidelines.
• A diagnosis of cancer other than basal cell or squamous cell carcinoma can actually be considered after a certain amount of time has passed that you remain cancer-free and treatment/medication free. In most cases, if you have been treatment-free for a few years, it’s very possible that you will be approved.

Nassau Medicare Supplement (Medigap) Plan Choices

• Part A coinsurance and hospital costs up to an additional 365 days after Medicare benefits are depleted.
• Part A Hospice care coinsurance or copayment.
• Part B coinsurance and copays.
• Blood transfusions (first three pints).

• Part A coinsurance and hospital costs. Medicare will cover an additional 365 days after the Medicare benefits are depleted.
• Part A deductible.
• Part A hospice care coinsurance or copayment.
• Part B coinsurance or copayment.
• Part B excess charges (Most States allow a provider to charge you 15% more than Medicare’s approved amount.)
• Skilled nursing facility care coinsurance.
• Blood transfusion (first three pints).
• Emergency health care services for the first 60 days when traveling outside the U.S.

• Part A coinsurance and hospital costs. Medicare will cover an additional 365 days after the Medicare benefits are depleted.
• Part A deductible.
• Part A Hospice care coinsurance or copayment.
• Part B coinsurance and copays.
• Part B deductible.
• Part B excess charges. (Most States allow a provider to charge you 15% more than Medicare’s approved amount.)
• Skilled nursing facility care coinsurance.
• Blood transfusions (first three pints).
• Emergency health care services for the first 60 days when traveling outside the U.S.

• Part A coinsurance and hospital costs. Medicare will cover an additional 365 days after the Medicare benefits are depleted.
• Part A deductible.
• Part A hospice care coinsurance or copayment.
• Part B coinsurance or copayment.
• Part B excess charges (Most States allow a provider to charge you 15% more than Medicare’s approved amount.)
• Skilled nursing facility care coinsurance.
• Blood transfusion (first three pints).
• Emergency health care services for the first 60 days when traveling outside the U.S.

• Part A coinsurance and hospital costs.  Medicare will cover an additional 365 days after the Medicare benefits are depleted.
• Part A deductible.
• Part A hospice care coinsurance or copayment.
• Part B coinsurance, except for up to a $20 copay for office visits or a $50 emergency room visit if you aren’t admitted to the hospital.
• Skilled nursing facility care coinsurance.
• Blood transfusion (first three pints).

Nassau Medicare Supplement Payment Options

Nassau will only accept a checking or savings account, which you must provide to the agent when you complete the application. You can choose to pay Monthly, Quarterly, semi-annually, or annually, but this must be a monthly bank draft. They do not accept credit or debit cards.

The initial payment is taken from the account the day after the policy is issued. Recurring drafts start on or about the first of the month after the effective date, depending on the option chosen. After the first payment is drafted via EFT, you may change payment options quarterly or annually. If a payment date falls on a weekend or holiday, the bank draft will be on the next business day.

You can change draft dates to any day between the 1st and 28th of the month. Once the policy is issued, you can change the draft date and mode by calling your agent or the company.

Household discounts are available when an applicant has lived with another individual for at least 12 months. Certain requirements may apply.

At this time, rates are guaranteed and will not increase during the first 12 months of coverage. You can be assured that your rates will not change soon after you purchase your policy.

What Options Do I Have To Sign My Application?

Tip: Use your full legal name when you sign the application to avoid confusion when the company verifies your identity. We recommend signing with the same name listed on your application and your Medicare card.  When the agent fills out the application with you over the phone, you can receive the forms electronically.

• Electronic Signature
  Practically all Medicare Supplement companies offer a simple, instant option to sign your application.  No more faxing or waiting for forms to arrive in the mail. You’ll need an email address to use an electronic signature. When the agent completes the application with you over the phone, you’ll receive an electronic copy of the forms.  The agent will help you click the link in the email to view your application and additional documents, such as state-required replacement and HIPAA forms. You must also be able to acknowledge receipt of each document and provide the online signature.
• Sign now
• Tele-SignVoice Signature (no email or texts needed)