What is Mutual of Omaha Medicare Supplement Plan G?
Mutual of Omaha Medicare Supplement Plan G helps beneficiaries cover expenses that Original Medicare benefits don’t cover. Because payments like copays, deductibles, and coinsurances can add up, having Medicare Supplement insurance can give you peace of mind.
There are 10 standardized Medigap plans – A, B, C, D, F, G, K, L, M, and N. But Mutual of Omaha Plan G is rapidly becoming one of the most popular plans. Here’s a look at why:
- Mutual of Omaha Medicare Supplement Plan G provides the highest benefit level of all the Medigap plans offered to new Medicare enrollees after January 1, 2020.
- Plan G covers all the gaps to Original Medicare apart from the Part B deductible.
- Plan G has the best option for low monthly premiums with high-deductible plan options.
- Medicare Supplement Plan G also includes foreign travel emergency care and Medicare Part B excess charges.
What does Mutual of Omaha Medicare Supplement Plan G cover?
Mutual of Omaha Medigap Plan G covers the following Original Medicare health benefits:
- Part A hospital coinsurance
- Inpatient hospital costs for up to 365 days after your Original Medicare hospitalization benefits end
- Medicare Part A hospice care copays or coinsurance
- Medicare Part A deductible
- Medicare Part B coinsurance for preventive care and outpatient visits
- Medicare Part B coinsurance or copays
- Medicare Part B excess charges
- First three pints of blood if needed for a medical procedure
- Skilled nursing facility care coinsurance
- Foreign travel emergency care up to plan limits
- Please note: The Medicare Part B deductible is not covered
What is the monthly premium for Medicare Supplement insurance Plan G?
How much you pay for your Medicare Supplement Plan G monthly premium with Mutual of Omaha depends on where you live and your personal health information.
For a 65-year old female, non-smoker, living in the Texas 77449 zip code, the average premium would be $108.06 per month.
What is the deductible for Mutual of Omaha Medigap Plan G?
The Mutual of Omaha insurance company has no annual out-of-pocket deductible on its Part G Medigap policy. However, Medigap policy beneficiaries are responsible for the Part B deductible which is $203.00 per year as of 2021.
What is the rate increase history for Medicare Supplement plans with Mutual of Omaha?
Even though rate increases are inevitable no matter what health insurance company you use, Mutual of Omaha keeps them as low as possible. Because Mutual of Omaha Medicare Supplement insures a larger number of beneficiaries than smaller companies, this means they can sustain risk better than their competition. And the result of this is smaller increases in premium rates.
On average, rate increases for Mutual of Omaha, as with many other companies, fall between 3% and 10%, depending on several factors. To protect yourself from a rate increase, you can enroll in a plan that offers a 12-month rate lock. This gives you the guarantee that your rates won’t go up during the first year of your coverage.
Mutual of Omaha also offers a Free Look Period which lasts for 30 days. You can cancel your policy any time, and for any reason, during the 30-day period.
Why is Medigap Plan G better than Plan F?
Medicare Supplement Plan F offers the most comprehensive coverage of all 10 Medicare Supplement plans. Its coverage even includes the Part B deductible for each calendar year.
Unfortunately, as of January 1, 2020, no Omaha Medicare Supplement plan carries this benefit for enrollees who are newly eligible for Medicare coverage. Enrollees who had coverage through Plan F before January 1, 2020, can keep the same plan. Also, if you were eligible for Medicare benefits before January 1, 2020, but haven’t enrolled in Part B yet, you may still be able to get Plan F.
Today, the Omaha Medicare Supplement Plan G is outselling most other Medicare Supplemental insurance policies because it provides the same broad coverage that Plan F does, apart from the Part B deductible.
Mutal of Omaha Medicare Plan G Questions:
What is the best Medicare Supplement Plan G?
Companies that sell Medigap plans can set their own premium prices. However, every Medigap Plan G is standardized in its coverage. This means that every Plan G must provide the same benefits no matter which insurance company sells it. Plan G covers benefits such as:
- Coinsurance: After Medicare pays 80 percent of the approved cost of a medical service or supply, Medigap pays the remaining 20 percent
- Part A deductible
- 100 percent of the copayments for emergency room visits. Plan N only pays $50.00 for emergency room visits that do not end up as hospital inpatient admissions.
- Foreign travel emergency care
Medigap Plan G, nor any of the other 10 Medigap policies, do not cover Part D Medicare drug plans. If you have Medicare Supplement insurance, you can enroll in a Medicare stand-alone drug plan.
It’s also important to note that if you have a Medicare Advantage plan, you can not enroll in a Medicare Supplement insurance plan.
Does Mutual of Omaha cover dental and vision care?
Mutual of Omaha Medicare Supplement insurance plans do not cover dental or vision care services.
However, Mutual Omaha offers enrollment opportunities in several insurance plans that cover dental care. From simple, routine exams and procedures to more complicated and expensive ones, you may find supplemental insurance for dental care to enhance your Medicare benefits.
Also, in your area, the insurance company may offer some discounts for vision care. For more information, speak to an insurance agent where you live.
Does Mutual of Omaha Plan G cover hearing aids?
Medicare Supplement plans offered by Mutual of Omaha or any other insurer, do not include coverage for hearing aids or hearing exams.
However, the insurance company does offer some discounts for hearing care in certain locations. You can ask your supplemental insurance provider for details about these discounts.
Does Mutual of Omaha pay for gym memberships?
Mutual of Omaha wants to empower seniors with good health. That’s why they have created the Mutually Well Senior Wellness Program. Mutually Well is available for customers with Medicare Supplement plans who want to become members.
Membership in the Mutually Well program is separate from your Omaha Medicare Supplement plan, but pricing is reasonable, so everyone can join.
Is Mutual of Omaha a good company for Medicare Supplement health insurance?
Mutual of Omaha is a serious company that has been providing health and life insurance since 1909. And it has been serving the Medicare marketplace since it began.
In 1983, Mutual of Omaha founded United World Life insurance to provide a variety of products, including Medicare Supplements, for seniors. Today, it is rated A+ and is a market leader for Medicare Supplement insurance.
In terms of coverage with Medicare Supplement insurance plans, they are the best plans you can get as a Medicare beneficiary. Here are some reasons why that’s true:
- Competitive pricing: All across the United States, Mutual of Omaha is a competitive option for most customers buying Medicare Supplement plans.
- High satisfaction ratings: 94% of all Omaha customers are satisfied with their supplement insurance. 90% say they would recommend Mutual of Omaha to a family member or friend.
- Mutual of Omaha is rated at A+ by the Better Business Bureau
Ready to learn more?
My Medigap Plans is a rapidly growing resource for Medicare beneficiaries. We specialize in educating consumers on their options and guiding them through the process of plan selection. We work closely with some of the nations top rated carriers such as Aetna, Cigna and Mutual of Omaha. Compare our list of the 10 Best Medicare Supplement Insurance Companies or take a deeper look at the plans by reviewing our Medicare Supplement Plans Comparison Chart. Learn more or about Medicare Part D Prescription Drug plans, or request a Medicare Supplement Plan Quote.
- Mutual of Omaha Medicare Plan G is one of the most comprehensive Medigap Plans available
- No network limits, see any provider that accepts Original Medicare Nationwide
- Mutual of Omaha was founded in 1909