Mutual of Omaha Medicare Supplement Plans

Mutual of Omaha Insurace LogoIn order to help you research Mutual of Omaha Medicare Supplement plans in 2018, take some time to learn more about who they are and the most popular Medicare Supplement plans that the company offers. In the end, you could choose to buy your Supplement from this company or another one; however, this information can help you make a good decision either way.

A Quick History and Summary of Mutual of Omaha Medicare Supplements

In 1909, Mutual of Omaha first began operations in Nebraska. Within a few years, the company expanded to other states. Today, Mutual of Omaha is regarded as a major, nationwide Medicare Supplement provider. The company has offered Mutual of Omaha Medicare Supplement plans since the 1960s. Not only have they proven themselves in the general insurance market, they’ve also been considered an innovator in the Supplement market for decades.

These are some quick facts about Mutual of Omaha Medicare Supplement plans today:

  • A.M. Best financial rating: A+ (Superior)
  • Began serving the Medicare market: 1966
  • Recently reported Medicare Supplement Revenue: Over $2 billion

Why Consider Mutual of Omaha Medigap Plans in 2018?

Mutual of Omaha claims second place in the national Medicare Supplement market. They are known for the competitive rates that they offer under their main brand and through affiliated companies. The company also offers fast electronic applications, boasts of a 90-percent placement rate for Supplements, and says that they typically put approved policies in force in less than four days. With electronic applications, they very often approve policies in about half an hour and immediately mail out membership cards.

We often recommend Mutual of Omaha Medicare Supplement plans in 2018, and these are a few more reasons:

  • 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.
  • You won’t have to see a primary doctor for a referral before you book an appointment with a specialist.
  • Medicare Supplements are standardized by the government, you don’t have to worry about learning about changes every year.

According to recent surveys, an overwhelming 94 percent of Medicare Supplement owners were satisfied with their Supplement coverage. In addition, over 90 percent would suggest Medicare Supplemental insurance to their friends and family who received Medicare benefits.

Popular Mutual of Omaha Medicare Supplement Plans

If you’ve spent any time comparing Medigap plans, you have probably noticed that you can choose from a handful of different options. These have all been standardized, and they cover different copays, deductibles, and coinsurance that people who only have Original Medicare might need to pay. Your options range from fairly lean to quite robust choices. Of course, you’ll want to compare these plans with the premiums and the benefits that you are likely to need in mind. As with other kinds of insurance, more protection generally costs more money.

Since there are several different options, you’ll probably be better off if you can start exploring the most popular ones. This next section will help you compare Mutual of Omaha Medicare Supplement Plan F, Mutual of Omaha Medicare Supplement Plan N, and Mutual of Omaha¬†Medicare Supplement Plan G:

  • Mutual of Omaha Medicare Supplement Plan F: If you’d rather just pay your monthly premium and not worry about Medicare out-of-pocket expenses, you’ll probably be most satisfied with the most robust plan. Medicare plan F claims about 40 percent of the Supplement market and protects you against deductibles, coinsurance, and even some things that Medicare won’t cover.
  • Mutual of Omaha Medicare Supplement Plan G: Some of you might benefit from Medicare Plan G because the only thing it leaves out is the modest Part B deductible payment. Since this plan is a little cheaper than Plan F, you might save money. In the worst case, you should come out about even.
  • Mutual of Omaha Medicare Supplement Plan N: With Medicare Plan N, you have to pay a fairly low copay each time you go to the doctor or visit an emergency room. Plan N doesn’t cover the Part B deductible. It also won’t pay for amounts that medical providers charge that exceed what Medicare allows, but Plan G and F do. If you don’t expect to need many health services, the cheaper rates for Plan N should save you money.

Which Medicare Supplement plan is better for you? If you’re a fairly healthy Medicare beneficiary, you might save money if you choose one of the cheaper options. You might be healthy today, but it’s hard to know what medical services you’ll need in a decade or two. It’s true that you can enjoy some Guaranteed Enrollment Periods when you don’t have to answer health questions. Since you can’t predict your future healthcare requirements, the safer option might be to pay more for Medicare Plan F in the first place.

On the other hand, you won’t take much of a risk if you choose either Plan G or N. You can save money on monthly payments, and they both provide very robust protection against Medicare expenses. The biggest drawback to Plan N might be the fact that it doesn’t cover excess charges. It’s hard to know if Medicare will keep up with average doctor’s charges in the future. So far, the Part B deductible has remained fairly modest, so Medicare Plan G might be the best compromise.

The Best Time to Enroll in a Mutual of Omaha Medicare Supplement Plan in 2018

For most people, this starts the month they turn 65 and opt for Medicare. It lasts for six months, but you will probably want to have your Medicare insurance in place as soon as you begin with Medicare. Some folks have credible insurance from a job, union, or the government, so they may delay this period until they lose that insurance.

There are also other circumstances that you can use to trigger a Guaranteed Election Period. For example, you might lose prior 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 your new or replacement a Medicare Supplement plan without having to answer health questions. The insurer can’t decline your application or decide to charge you more because of your health either.

You shouldn’t assume that they will discard your application just because of minor medical issues that are common to older folks. You can apply for a Medicare Supplement at any time of the year, so you don’t have to wait for Open Enrollment like you do with Medicare Advantage. Of course, you can’t have a supplement and Medicare Advantage at the same time. Mutual of Omaha’s application has been designed to let you know if you’ll be accepted by the instructions on the form, so you don’t need to waste time.

Sample Rates for Mutual of Omaha Medicare Supplement Plans for 2018

It’s impossible to post accurate and timely monthly prices for everybody who reads this article. Here are a few sample rates for a 65-year-old man who doesn’t use tobacco and lives in selected areas of the country.

These are the sample monthly Medicare Supplement plan prices:


  • Plan F: $190
  • Plan G: $142
  • Plan N: $119


  • Plan F: $231
  • Plan G: $202
  • Plan N: $158


  • Plan F: $189
  • Plan G: $155
  • Plan N: $118

Please note: Our website isn’t endorsed or supported by Mutual of Omaha. These Medicare Supplement rates were accurate for a specific ZIP code at the time they were retrieved. It’s very likely that they won’t exactly reflect your rates, but they should still give you an idea of the way that quotes may vary by location and plan type for the same person.

You can see that the difference between Mutual of Omaha Medicare Plan F and Medicare Plan G averages about $40 a month. That’s close to $500 a year, and the Part B deductible was only a little over $180 in 2018. It seems like Plan G would offer you an easy way to save money.

Why Choose Mutual of Omaha Medicare Supplement Plans in 2018?

As a Medicare beneficiary, you do have several choices you can make for your Medicare Supplement insurance. You should know that almost every beneficiary chooses to enhance Original Medicare with another plan.

Medigap plans offer stability and the assurance that out-of-pocket costs will be controlled. In addition, Mutual of Omaha has established a great track record as an insurance company and as a provider of Medicare insurance. They’ve held onto a top rating from the Better Business Bureau for decades and have also been ranked as a financially strong company. They offer fast approvals and quick access to membership materials. When you compare quotes, you should find that this company also offers competitive prices for their various plans.

Obtain Phone or Online Quotes for Mutual of Omaha Medicare Supplement Plans

If you’d prefer, you are also welcome to call us to speak with a licensed agent on the phone. We’ll consider where you live, your preferences, and your budget to help you obtain the best Medicare insurance at the most competitive rates.

Please note: We are not Mutual of Omaha, this is our general opinion of Mutual of Omaha Medicare Supplement plans. Refer to your complete policy for full coverage details.