Holiday Office Closure
The NGL office will be closed on January 18, 2021 for Martin Luther King Jr. Day. Regular business hours will resume January 19th.
Medicare Supplement Rate Adjustments
Rates were adjusted in Oklahoma on 01/01/2021.
Rates will be adjusted in Delaware, District of Columbia, Indiana, North Dakota, Texas, Wisconsin, and Wyoming on 02/01/2021.
Rate will be adjusted in Pennsylvania and Virginia on 04/01/2021.
There will be no rate changes in Maryland and New Jersey.
Premium rates are guaranteed for the first year a policy is in force. Letters to existing policyholders whose policies have been in force for more than one year will be mailed from the NGL office and will explain that rate increases will take effect after the required notification period has been met.
All New Business applications signed and dated before or on the day prior to effective dates should use the current premiums. Applications signed and dated on or after each state’s respective effective date must use the new premium rates.
You may download the new Outline of Coverage located in the “Product Forms” section of our Agent Portal on the effective dates. Printed versions will be available within the next couple of weeks.
Click the link below for details:
Special Enrollment Period for Medicare Supplement in Colorado
Colorado has enacted a special enrollment period for Medicare supplement policyholders starting 1/1/2021. This special enrollment period allows clients who currently have a plan C or F to change to a plan D or G (respectively) without underwriting. Clients may switch plans either with their current insurer or switch to a new insurer.
The regulation is only applicable to clients who became eligible for Medicare prior to 1/1/2020.
Applications will be accepted starting 1/1/2021 for the special enrollment period. Proof of current enrollment is required if the client is switching plans from a different insurer. The special enrollment period ends on 6/30/2021. Any policies issued during this period must have a 1/1/21 – 6/30/21 effective date.
Benefits of NGL’s E-App
The fastest way to get your application approved and processed is by using the E-App system! There are many benefits of NGL’s E-App.
- Agents have access to application status within minutes of submission
- Built in underwriting engine that gives a point of sale decision/status within minutes
- Applications that do not require additional underwriting review can be received and issued same day
- E-App has validations built in to ensure applications are submitted in good order and complete
Click here to start an electronic application today.
View Full Blog