When you’re shopping for a Medicare Supplement plan (also called Medigap), you may have come across Mutual of Omaha Medicare Supplement. Before you decide to enroll or purchase their Medicare products, you’ll want to know some details about their company and products.
They are one of many Medigap companies we recommend for our clients. This review will give you some background on their company as well as product highlights. By the end, you’ll be able to make an informed decision if Mutual of Omaha is a good fit for you.
About Mutual Of Omaha
Do you remember the television program named “The Wild Kingdom?” It was hosted by Marlin Perkins and was popular in the 60s, 70s & 80s. The show was sponsored and began with the phrase, “Mutual of Omaha’s Wild Kingdom — the company that pays.“ What kind of insurance is Mutual of Omaha? MOO offers a wide range of health and accident products for individuals and groups throughout the U.S. Depending on your state, Mutual Of Omaha sells Medicare supplement plans F, G N and A. Medigap Plans A & F are sold in all states. They also sell Medicare Advantage Plans. They were founded in 1909. MOO is a mutual company and their subsidiaries are:
- Omaha Insurance Company
- Omaha Financial Holdings
- United Of Omaha Life Insurance Company
- Mutual Of Omaha Investors Services
- Companion Life Insurance Company
- United World Life Company
Mutual Of Omaha Insurance Company Rating
They are committed to maintaining superior financial strength. Mutual of Omaha and their subsidiaries have excellent financial ratings from the top rating agencies.
Mutual of Omaha Details
| DETAILS | RESULTS |
|---|---|
| A.M. Best Rating: | A+ |
| Standard & Poor’s: | A+ |
| Moody’s: | A1 |
| Better Business Bureau: | A+ |
| Phone: | 1-800-775-1000 |
| Address: | 3300 Mutual of Omaha Plaza Omaha, Nebraska 68175 |
| Website: | https://www.mutualofomaha.com/ |
Mutual Of Omaha Medicare Supplement Insurance Reviews
MOO is highly recommended and one of the top Medicare Supplement companies. A Medicare Supplement policy offers you the following:
- Initial 12-month rate is locked in.
- A 30-day “free look period”
- Guaranteed renewable health insurance coverage
- National coverage (go to any hospital, see any doctor or specialist that accepts Medicare)
- Majority of supplement plans have some foreign travel coverage
What are the advantages with buying Medicare plan from them?
- Household discount are available in some states
- Quick no-hassle e-application
- Excellent customer service and claims support
- Policies issued quickly (often on the same day!)
- MyPolicyHQ.com which allows MOO customers to access their policy details, review their EOBs, print ID cards, update their personal info, monitor claims payments and set up automatic payments.
Mutual Of Omaha Medicare Supplement Plans
Mutual of Omaha’s Medicare Supplement plans are very popular with shoppers. Anyone looking for excellent benefits that fill in the gaps coverage from “Original Medicare” should look closely at MOO.
Omaha Medicare Supplements offers several plans. These individual Medicare Supplement plans include the most popular plans like Plan G, N and F.
REMEDIGAP specializes in helping find these plans for you. You’ll be able to see how their rates match up with some of the other insurance companies. From big-name carriers like Transamerica & Cigna to others you may not have heard of like Western United Life.
Below are the 3 most popular Mutual of Omaha supplemental insurance plans:
Mutual Of Omaha Plan F
The F plan has been the most popular plan for years. The reason is because Plan F provides the most complete coverage when comparing all of the Medigap supplement plans. With this plan, you typically don’t run into situations where you’ll have out-of-pocket spending towards your Medicare Part A and B services (like coinsurance) .
As of January 1, 2020, Plans C, F and High Deductible F cannot be sold to those newly eligible for Medicare. Newly eligible is defined as anyone who: (a) attains age 65 on or after January 1, 2020
Medicare
Medigap Plan F Overview
| Medicare Supplement Benefits | Plan F Covers? |
|---|---|
| Medicare Part A coinsurance & hospital costs (up to additional 365 days after medicare benefits are used | Yes |
| Medicare Part B coinsurance or copayment | Yes |
| Blood (first 3 pints) 3 | Yes |
| Part A hospice care coinsurance or copayment | Yes |
| Skilled nursing facility care coinsurance | Yes |
| Part A deductible | Yes |
| Part B deductible | Yes |
| Part B excess charges | Yes |
| Foreign travel emergency (up to plan limits) | Yes |
Mutual Of Omaha Plan G
Medicare Supplement Plan G is the 2nd most popular plan. Plan G provides all the coverage benefits of F except for the Part B deductible. You’re responsible for paying the deductible.
Plan G is great for people who want to save money by simply paying the deductible (Part B) on their own. The G plan has shown a pretty stable rate increase history.
Plan G Overview
| Medicare Supplement Benefits | Plan G Covers? |
|---|---|
| Medicare Part A coinsurance & hospital costs (up to additional 365 days after medicare benefits are used | Yes |
| Medicare Part B coinsurance or copayment | Yes |
| Blood (first 3 pints) 3 | Yes |
| Part A hospice care coinsurance or copayment | Yes |
| Skilled nursing facility care coinsurance | Yes |
| Part A deductible | Yes |
| Part B deductible | Yes |
| Part B excess charges | Yes |
| Foreign travel emergency (up to plan limits) | Yes |
Medicare Supplement Plan G Rate Increase History
On average, Plan G has been showing an approximate increase of 5% per year. The majority of plans available from MOO are age-attained. This means that the policy can increase annually 1 or 2 times from inflation and age. This doesn’t happen every year as sometimes there will be no inflation related increases. When looking at overall price increases, Mutual has shown stability.
Mutual Of Omaha Plan N
Plan N comes in 3rd place when looking at overall popularity. However, Plan N has recently become very popular with the potential savings it provides. With Plan N, you’ll get help with all of the coverage gaps except for your Part B deductible, some copayments when visiting your doctor & emergency rooms, and your excess charges.
How much do Mutual of Omaha medicare supplement plans cost?
Monthly premiums for Mutual of Omaha plans vary depending on a several factors. These can include your location, gender, age, tobacco use and your health. To get an idea of accurate rates of the most popular insurance plans we can provide you a custom insurance quote. Get started by clicking on “GET QUOTES” on this page.
What Do Mutual Of Omaha Plans Cover?
All Medicare supplement policies are standardized. This simply means that you get the same benefits as someone else who has the same plan letter. To make sure you understand the benefits associated with each MOO plan, we’ve include what services Medicare pays for and what you’re responsible for.
Medicare Supplement Plan F Benefits
Part A | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1,556 | $1,556 (Part A Deductible) | $0 |
| 61st Through 90th Day | All But $389 a Day | $389 a Day | $0 |
| 91st Day and After (60 Reserve Days) | All But $778 a Day | $778 a Day | $0 |
| After Reserve (Additional 365 Days) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $233 (Part B Deductible) | $0 |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Part B Excess Charge | $0 | 100% | $0 |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $203 (Plan B Deductible) | $0 |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 each calendar year | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 20% |
Medicare Supplement Plan G Benefits
Part A | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1,556 | $1,556 (Part A Deductible) | $0 |
| 61st Through 90th Day | All But $389 a Day | $389 a Day | $0 |
| 91st Day and After (60 Reserve Days) | All But $778 a Day | $778 a Day | $0 |
| After Reserve (Additional 365 Days) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $0 | $233 (Part B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Part B Excess Charge | $0 | 100% | $0 |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $0 | $233 (Plan B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 during 1st 60 days | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 20% |
Medicare Supplement Plan N Benefits
Part A | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1,556 | $1,556 (Part A Deductible) | $0 |
| 61st Through 90th Day | All But $389 a Day | $389 a Day | $0 |
| 91st Day and After (60 Reserve Days) | All But $778 a Day | $778 a Day | $0 |
| After Reserve (Additional 365 Days) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $0 | $233 (Part B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Balance, Other than Copays | Up to $20/$50 Copays, Emergency visit copay waived if admitted |
| Part B Excess Charge | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $0 | $203 (Plan B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 each calendar year | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 20% |
Ready to Explore Mutual of Omaha Medicare Options?
REMEDIGAP has helped thousands of beneficiaries find the right Medicare supplement plans nationwide. Would you like help with coverage choices or enrollment in your area? Contact us today, get a quote and receive free assistance. We’re independent licensed brokers who are here to help you with information about Medicare, review your plan choices with the top companies (including United of Omaha Medicare supplement insurance plans). We also help our clients review their medications and analyze which Medicare Part D prescription drug plans can offer them the lowest premiums and copays every year.
Call 1-888-411-1329 and have someone in your corner today with Medicare.
Michael Quinn is an independent licensed insurance agent with a passion for helping others navigate the complex world of Medicare insurance. With over a decade of experience in the field, Michael has established himself as a trusted advisor to countless individuals seeking guidance on their healthcare coverage options.
In 2013, Michael obtained his license as an insurance agent, laying the foundation for his successful career in the industry. Prior to that, he earned his Masters Degree in Communicative Disorders from the University of Central Florida, which equipped him with strong communication and interpersonal skills.
Driven by a genuine desire to make a positive impact on people's lives, Michael co-founded REMEDIGAP in 2013. It was created as a dedicated platform that aims to educate individuals about Medicare insurance. Through REMEDIGAP, Michael provides comprehensive resources and unbiased information to empower individuals to make informed decisions about their healthcare coverage.
With his extensive knowledge and expertise, Michael has been able to guide thousands of individuals towards finding the most suitable Medicare insurance plans tailored to their unique needs. His dedication to his clients' well-being, coupled with his passion for simplifying complex insurance concepts, has earned him a reputation as a compassionate and reliable advisor.
His work has appeared on many blogs and websites including, USA Today, Yahoo.com, Nerdwallet, Think Advisor, and REAL SIMPLE.
Mutual of Omaha rate increases for supplemental plans are off the charts.
“On average, Plan G has been showing an approximate increase of 5% per year”…Really?? My plan G went up 15% last year and 19% this year.
Hi Lee, thank you for the comment. The approximate average that was stated is across all age groups and states across the country where it was sold in 2020. That average may have increased in 2023 depending on where you live.