Mutual of Omaha Medicare Supplement Plans

Many people eligible to receive Original Medicare (Medicare Part A and Medicare Part B) are unaware that federally funded insurance can still leave them with out-of-pocket medical costs. A Medigap plan from Mutual of Omaha Insurance Company helps to bridge the gap between original Medicare and your medical expenses by covering your share of the costs of Medicare-covered services.

The plans offered by Mutual of Omaha cover out-of-pocket costs such as:

  • Deductibles – the fee you must pay before any coverage pays.
  • Coinsurance – usually a percentage; coinsurance is the amount you may be required to pay as your share of the costs for services after you pay any deductibles.
  • Copayments are usually fixed; copayments are the amount you may be required to pay as your share of the medical service or supply cost.

Mutual of Omaha Medicare Supplement Plan Options:

Here, we’ve broken down the specifics of Medicare Supplement Plan G, Plan N, Plan A, and Plan F to help you compare more easily.

#1. Mutual of Omaha Medicare Supplement Plan G

You may benefit from Medigap Plan G because it only leaves out the modest Part B deductible payment. Since this plan is cheaper than Plan F, you may be able to save some money. In the worst case, you should come out about even.

#2. Mutual of Omaha Medicare Supplement Plan N

With Medigap Plan N, you will pay a $20 copay each time you go to the doctor and a $50 copay for the emergency room. In addition, Omaha Plan N doesn’t cover the Part B deductible and won’t pay for costs exceeding what Medicare allows, unlike Plan G and F. If you don’t expect to need many health services, the cheaper rates for Plan N can save you some money.

#3. Mutual of Omaha Medicare Supplement Plan A

Medigap Policy A covers the 20% Medicare Part A coinsurance, which could add up to a considerable amount.

What Medigap Plan A does not cover:

  • Coinsurance for skilled nursing facility care
  • Part A deductible
  • Part B deductible
  • Part B excess charges
  • Foreign travel emergencies

#4. Mutual of Omaha Medicare Supplement Plan F

If you’d rather pay your monthly premium and not worry about Medicare out-of-pocket expenses, you’ll probably be most satisfied with the most inclusive supplement plan. For example, Medigap Plan F claims about 40 percent of the Medicare Supplement market and protects you against deductibles, coinsurance, and even cases that Medicare itself won’t cover.

You can save on out-of-pocket costs with Medigap Plan F in these ways:

  • Part A hospital coinsurance
  • The hospital costs up to 365 days after benefits through Original Medicare are exhausted.
  • Part A hospice care copays or coinsurance
  • Part A deductible
  • Part B deductible ($240.00 in 2024)
  • Part B preventive wellness office visit coinsurance
  • Part B coinsurance, copays, and Part B excess charges
  • Excess charges for Medicare Part B
  • First, three pints of blood needed for a medical procedure
  • Coinsurance for care in a skilled nursing facility
  • Limited foreign travel emergency care

Plan F covers the Medicare Part B deductible. But unfortunately, it’s no longer available to those new to Medicare as of 1-1-2020.

These popular plans have all been standardized, covering variables for different copays, deductibles, and coinsurance policies that people who have a standard Medicare plan may need to pay.

How Much Does Mutual of Omaha Medicare Supplement Cost?

Mutual Of Omaha Medicare Supplement Plans cost an average of $129.00 to $300.00 monthly, but rates vary.

Having a rough idea of average monthly prices will give you a better idea of what plan is right for you. Of course, your rate will vary based on your location and other factors.

When Can I Enroll in a Medicare Supplement Plan?

For most people, enrollment starts when they turn 65 and opt in for Medicare. This first plan lasts for six months, but it’s recommended that you have your Medicare supplement plan in place as soon as you begin with Medicare. Some individuals have insurance from a job, union, or the government, so they may delay their enrollment period until they lose it.

There are circumstances that you can use to trigger a Guaranteed Election Period. For example, you might lose your insurance because the insurer withdraws from your service area. In other cases, you might move away from your old plan’s service area. The beauty of these periods is that you can apply for a new or replacement Medicare Supplement plan without answering health questions, so health conditions are not considered.

Is Mutual of Omaha a Good Medicare Supplement Company?

Mutual of Omaha claims second place in the national Medicare Supplement market. They are mostly known for their competitive rates, offered under their leading brand and through affiliated companies. They also provide a fast, electronic application process, boasting a 90-percent placement rate for supplements. Many choose Mutual of Omaha Medigap Plans because of their costs, convenience, and customer service level.

Here are just a few reasons to consider choosing them:

  • You can visit any U.S. doctor or healthcare provider who accepts Medicare.
  • Some supplements even cover foreign travel and costs that exceed the Medicare-allowed amount.
  • A.M. Best financial rating: A+ Rating (Superior)
  • It began serving the Medicare market: in 1966
  • Recently reported Medicare Supplement Revenue: Over $2 billion
  • You won’t have to see a primary doctor for a referral before you book an appointment with a specialist.
  • The government standardizes Medicare supplement insurance policies, so you don’t have to worry about learning about changes yearly.
  • You may be eligible to receive a household discount on premiums.

According to recent surveys, 94 percent of Medicare Supplement policyholders were satisfied with their supplement coverage. In addition, the same study suggested that over 90 percent of people would recommend Medicare supplemental insurance to their friends and family who receive Medicare benefits.

Frequently Asked Questions:

Does Mutual of Omaha Medicare Supplement Offer SilverSneakers?

While Mutual of Omaha plans do not cover SilverSneakers membership, many Mutual of Omaha Medigap plans may include the Mutually Well fitness benefit.

Does Mutual of Omaha Medicare Supplement Cover Dental?

No Medigap plan covers dental; you must look into a separate dental plan. MOO offers stand-alone dental plans called Mutual Dental Protection and Mutual Dental Preferred in select areas.

Next Steps

We specialize in guiding Medicare beneficiaries through their Medicare insurance options. We work with some of the nation’s top-rated Medigap carriers to ensure you’re getting the best possible service. Review our Medicare Supplement Plans Comparison Chart and a deeper look at the plans. Additionally, you can give us a call today to learn more or request a quote online.

Please note: We are not Mutual of Omaha. This text is a third-party general overview of Mutual of Omaha Medicare Supplement plans. Refer to your complete policy for full coverage details.

Article Resources:

Mark Prip

For more than two decades, Mark Prip at My Medigap Plans has been an authority figure in the insurance industry and continues to uphold a mission to provide customers with comprehensive information about Medicare, life, and dental coverage. In addition, his expertise is unmatched - having helped thousands of Medicare beneficiaries choose suitable healthcare plans for themselves - making him stand out above competitors.