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Mutual of Omaha Medicare Supplement Plans

Many people who are eligible to receive Original Medicare (Medicare Part A and Medicare Part B) are not aware that the federally funded insurance can still leave them with out-of-pocket medical costs; but unfortunately, Medicare does not cover everything. 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.mutual of omaha medicare supplement plans

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- usually a fixed amount, copayments are the amount you may be required to pay as your share of the cost for a medical service or supply.

Researching Medicare Supplement Insurance plans requires taking some time to learn about the company and the Medicare Supplement plans that they offer to fulfill your needs. Choosing a Medicare Supplement plan provider is, ultimately, your decision; however, the information that we’re presenting in this article may provide you valuable insight into the choice you make in regards to Mutual of Omaha or another supplement company.

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Mutual of Omaha Medicare Supplement Plan Options:

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

Since there are several different options, you’ll probably be better off if you can start exploring the most prevalent ones. Here, we’ve broken down the specifics of Medicare Supplement Plan F, Plan N, and Medicare Supplement Plan G to help you compare more easily. Medigap plans do not cover Medicare Part D prescription drug medications.

#1. 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 inclusive supplement plan. 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
  • 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 ($233.00 in 2022)
  • 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. Because of this, it’s no longer available to those people that are new to Medicare as of 1-1- 2020.

#2. Mutual of Omaha Medicare Supplement Plan G

You may benefit from Medigap Plan G because the only thing it leaves out is 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.

#3. 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 $50 copay for the emergency room. Mutual of Omaha Plan N doesn’t cover the Part B deductible, and it also 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.

#4. Mutual of Omaha Medicare Supplement Plan A

Medigap Policy A does cover the 20% Medicare Part A coinsurance, which could potentially 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

Mutual of Omaha Medicare Supplement cost

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

65-Year Old Male Non-tobacco
Plan Type Premium Range
Plan F$140-$200
Plan G$100-$164
Plan N$80-$122

When can I enroll in a Medicare Supplement Plan?

For most people, the enrollment process starts the month they turn 65 and they 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 having to answer health questions, so health conditions are not taken into consideration.

Is Mutual of Omaha a good Medicare Supplement?

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

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)
  • Began serving the Medicare market: 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, which mean you don’t have to worry about learning about changes every year.
  • You may be eligible to receive a household discount on premiums.

According to recent surveys, an overwhelming 94 percent of Medicare Supplement policyholders were satisfied with their supplement coverage. 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 would need to look into a sepetare dental plan.

MOO offers stand alone dental plans called Mutual Dental Protection and Mutual Dental Preferred in select areas.


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.

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