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Is Mutual Of Omaha A Good Company For Medicare Supplement

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About Mutual Of Omaha Life Insurance Company

Mutual of Omaha Review | Medicare Supplements 2018

Mutual of Omaha was founded by a medical student in 1909 in Nebraska. Since then, they have grown into a Fortune 500 company with a financial strength rating of A+ from both A.M. Best and S& P. They have total assets of over $43 billion.

Mutual of Omaha offers many products and services beyond Medicare Supplement Insurance, including:

  • Life insurance
  • Disability insurance
  • Annuities and retirement products

Medicare Supplement Insurance from Mutual of Omaha can be issued through one of several subsidiaries, depending on the state, including:

  • Mutual of Omaha Insurance Company
  • United of Omaha Life Insurance Company
  • United World Life Insurance Company
  • Companion Life Insurance Company

Mutual Of Omaha Medicare Advantage Plans

Mutual of Omaha Medicare Advantage Plans are available in 29 states, sorry Alaska.

The mutual company is partnering with Lumeris, Inc. and including the SilverSneakers program into their plan benefits. Enrollees can use a gym membership and classes as much as their healthy heart desires.

Also, some plans include routine dental, vision, and hearing. Further, transportation is a benefit available with some of these plans.

But, Advantage plans can have limitations, including requirements to use in-network doctors. And, finding an in-network doctor can be frustrating. Especially when, on average, only Advantage plans only include about 46% of physicians.

Of course, if youre under 65 or dont qualify for Medigap, a Medicare Advantage plan is better than no coverage.

The Basics Of Mutual Of Omaha Medicare Supplement Insurance

To understand how Mutual of Omaha Medicare Supplement Insurance works, you must first have a firm grasp of how Medicare itself works. In Original Medicare , a predetermined list of medical services and items are referred to as covered or approved, but the use of these words does not imply 100% coverage. Instead, most items and services are approved for roughly 80% coverage, with the patient expected to pay the rest . This 20% of costs that the patient is expected to pay is charged in the form of deductibles, copays, and coinsurance, and it can be a challenge to afford. Some years your 20% may be quite manageable, but if you experience a life-altering accident or diagnosis that requires frequent medical treatments, your costs could skyrocket.

In a Mutual of Omaha Medicare Supplement Insurance plan, the insurance company promises to pay a certain amount of the copays, coinsurance, deductibles, and other forms of cost-sharing that you, the patient, would normally be liable for. Some plans will focus on a percentage of these costs, while other plans will cover nearly every cost. Plans are not offered by Medicare, but they are standardized by Medicare. This means that if the company uses a standardized plan name then they are required to provide a set level of coverage. Failure to cover what they claimed they will cover would be a very serious offense that would land the company in trouble with the government. This accountability makes these plans very reliable.

Read Also: What Is Better Original Medicare Or Medicare Advantage

A Word About United Of Omaha Life Insurance Company

Like most insurance companies, Mutual of Omaha has many subsidiaries and divisions. They own United of Omaha Life Insurance Company. Any Medicare supplement plan that you purchase through United of Omaha Life Insurance Company will be every bit as reliable as policy you purchase from the parent company.

List Of Medicare Supplement Insurance Companies

Mutual of Omaha Medicare Supplement Plans F, G and N ...

The Medicare Supplement Insurance information listed below shows the companies that are currently or actively offering Medicare Supplement Insurance policy plans for individuals and/or groups under 65 years of age and over 65, along with the companys reported explanations and consumer contact information . The companys name is a hyperlink to the respective companys website for additional information.

For more Medicare Supplement Insurance information, please select Guide to Medicare Supplement.

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When Can I Buy A Medicare Supplement Plan

When it comes to Medicare eligibility, you can buy a Medicare Supplement policy beginning on the first day of the month you turn 65, and for the following six months. Depending on the plan and state, however, people who are under 65 may qualify if they are permanently disabled. You may be subject to a medical underwriting examination, which is a detailed review of your medical history.

Mutual Of Omaha Medicare Supplement Plan N

If you are budget-conscious, then consider Mutual of Omahas Plan N.

Here are some questions to ask yourself to help decide whether Plan N is a good fit for you.

Ask yourself which medical bills you are most concerned about having to pay

hospital bills or doctor bills?

Hospital bills, of course. They are much larger than bills for typical doctor appointments, blood tests, X-rays and the like.

Heres the good news.

Plan N has the same hospital coverage as Plans F and G. Plan N will pay your hospital deductibles and co-pays the same as the two better plans, F and G.

So what is the difference?

With a Plan N, you will have to pay out of your pocket some co-pays:

  • The annual Part B deductible, presently $203 per year.
  • A copay for each doctor visit, up to $20 per visit.
  • $50 copay per emergency room visit, unless the ER visit leads directly to a hospital stay. In that case, you pay zero for the ER visit.
  • All Part B Excess Charges. This means some doctors can charge you an extra 115% of their Medicare-approved bill. You can avoid those charges by only using doctors who are on Medicare Assignment. If you are not sure, ask your doctors office in advance if they charge the extra 115%.

If you are make frequent doctor visits or have past serious illnesses that could return or compromise your health, Plan N is not for you.

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Best Overall: Mutual Of Omaha


  • No. States Available: Enter zip code to find out
  • Providers In Network: Not disclosed

The company offers multiple plans, a comprehensive website that is user-friendly, and customer discounts.

  • Comparison charts for different plans

  • Customer reviews on the plan information page

  • Multi-step process to pay online

  • No app for Medicare Supplement insurance

In business since 1909, Mutual of Omaha offers high quality, in-depth information through the company website. The website is simple, uncluttered, and includes a comparison checklist showing who each plan is best for, with the option to include further coverage . Mutual of Omaha also offers a 7% discount if your spouse or domestic partner has applied for, or is applying for, coverage with Mutual of Omaha or an affiliate company.

However, the company only offers three plans . To get price estimates, you need to include information on your gender, date of birth, and ZIP code. You can contact them online or over the phone for a personalized quote, but the company does not offer a mobile app for its Medigap customers. Mutual of Omaha is ranked by AM Best at A++ for financial health.

Mutual Of Omaha Plan N

Mutual of Omaha Medicare Supplement – Low Rates up to 12% Discounts!

Medicare Supplement 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, youll get help with all of the coverage gaps except for the Part B deductible, some copayments when visiting your doctor & emergency rooms, and your excess charges.

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Requirements To Enroll In A Medicare Supplement Plan

Enrollment in a Medicare Supplement Plan requires the following:

  • You must be eligible for, and enrolled in, Medicare Parts A and B
  • You must continue to pay your Part B premium
  • You cannot be enrolled in Medicare Advantage
  • To receive prescription drug coverage, youll need to enroll in a standalone Part D Drug Plan
  • Some states require you to be age 65 or older

Medicare Supplement Insurance Plans are standardized across 47 states, but Minnesota, Wisconsin, and Massachusetts have implemented their own Medicare Supplement Plans. Many insurers provide benefits beyond what is required by CMS and the 50 states.

No matter which state you live in, or which Medicare Supplement Plan you choose, you will have the ability to see any doctor who accepts Medicare patients. You can learn more about Medicare Insurance in our full guide here as well.

How To Choose A Mutual Of Omaha Medicare Supplement Plan

With only three plans available for new enrollees, Mutual Omaha doesnt have as many options as other insurers. Though limited in number, the companys plans are still some of the most popular plans among Medicare beneficiaries.

  • For peace of mind and complete coverage, opt for Plan G. Once you meet the $203 Part B deductible, your health care costs for the rest of the year are covered.
  • If you are budget conscious, Part A is a great choice. It offers 100 percent coverage of four of the nine Medicare benefits. This is the most basic supplement plan, and the low premiums reflect that.
  • Plan N is another comprehensive option, but it doesnt cover Part B excess charges . If you anticipate needing a significant amount of medical services, that extra 15 percent can really add up. In that case, you may want to opt for plan G instead.

RELATED: Speak with a licensed Medicare insurance agent by calling: .

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Medigap Plan G Reviews With Top

No matter which company you choose, the benefits are the same. There are many Medicare Supplement carriers, and financial rankings can vary. The best Medicare Plan G providers have high ratings, so theres no reason to settle.

Dont enroll with a carrier that has average or below-average ratings. Also, choose a company that wont leave the Medicare industry.

Which Medicare Supplement Plans Does Mutual Of Omaha Offer

Mutual of Omaha Medicare Supplement Reviews (With Pricing)

Mutual of Omaha offers all the standardized Medicare Supplement Plans specified by the Centers for Medicare and Medicaid Services and the fifty states, although they dont offer them all in every state.

The three most popular plans, F, G, and N, are summarized below.

Mutual of Omaha Medicare Supplement Plan F

Plan F is frequently called Plan Fabulous because of its rich benefits. Plan F provides the following benefits:

  • 100% coverage of both Part A and B deductible
  • 365 extra lifetime hospital days
  • First 3 pints of blood
  • Part A hospice care co-insurance or co-payment
  • Full coverage of excess charges
  • 100% of Medicare Part B charges .
  • Nursing home coverage
  • Emergency coverage while traveling internationally, up to Plan limits

Plan F is the first choice for people who want to know they have the most comprehensive coverage, and dont mind paying a higher premium for that peace of mind.

Mutual of Omaha Medicare Supplement Plan G

Plan G is almost identical to Plan F, except that Plan G doesnt cover the Part B deductible. Beneficiaries must pay the first $185 out of pocket for Part B services.

Beginning in 2020, Plan G will have the most comprehensive benefits available in a Medicare Supplement Insurance policy. For 2019, Plan G is an excellent fit for Beneficiaries who want comprehensive coverage, but at a lower premium than Plan F.

Mutual of Omaha Medicare Supplement Plan N

  • $20 copay for office visits
  • $50 co-pay for emergency visits
  • NO coverage of Part B excess-charges .

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Are Mutual Of Omaha Medicare Supplement Reviews And Ratings Positive

Lets take a quick look at Mutual of Omaha ratings.

Mutual of Omaha Ratings

As of the time of this review, Mutual of Omaha holds an A+ rating with the Better Business Bureau , where there are 109 complaints on file in the past three years. Of those complaints, 34 were closed in the past 12 months. This is a low volume for a company this big.

According to Business Wire, the latest A.M. Best rating for Mutual of Omaha is an A+.

There are 50 reviews of Mutual of Omahas Medicare Supplement insurance on Consumer Affairs. The company has a rating of just over two stars overall based on the 39 reviews that contain star ratings. Many of the complaints centered on price increases and difficulty with claims but many positive reviews cited no problems with using the coverage. In recent months, the company does appear to be taking the time to respond to complaints.

Overall, Mutual of Omaha Medicare supplement insurance reviews do not show many complaints considering their size, and the positive reviews go a long way towards stabilizing their reputation.

Do Mutual Of Omaha Medicare Supplement Plans Cover Vision And Dental Care

Medicare Supplement plans only pay your share of covered charges under Original Medicare. Because Original Medicare doesnt pay for routine dental, vision, and hearing care, it wont be covered by your Medicare Supplement plan.

The good news is that many Mutual of Omaha plans offer supplemental vision and dental plans for an additional monthly premium.

Policyholders in many states can also add the Mutually Well benefit to their supplement plan. For $25 a month, you get a SilverSneakers fitness membership and discounts on alternative therapies, such as acupuncture and chiropractic care. Mutually Well also offers discounts on healthy living products.

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Special Discounts From Mutual Of Omaha

Another reason we offer Mutual of Omaha Medicare Supplements is the companys very generous household discount.

When two people who live in the same household buy their Medicare Supplements from Mutual of Omaha, the company will take 12% off their price. That kind of savings really adds up over the years. We all think saving money is great. But so is dealing with a strong company that you can depend on. So how do you decide exactly which Medicare supplement is best for you? Lets find out. Its really quite simple.

Mutual Of Omaha Plan F

Mutual of Omaha Medicare Supplements

Remember that a Plan F from Mutual of Omaha is the same as a Plan F from any other company.

Many individuals aging into Medicare love a Plan F because it covers the remaining Medicare-approved charges. Yep â all of them. You donât have to deal with any copays, coinsurance, or deductibles when you have a Plan F.

A Plan F from Mutual of Omaha will cover your hospital and doctor coinsurance, up to 100 days in a skilled nursing facility, your hospital and doctor deductible, excess charges from doctors who donât accept Medicare, and even 80% of foreign travel emergency charges.

Medicare Supplement Plan F is the best coverage you can buy, which also explains why it has the highest premium. Weâll get into pricing examples later on in this article.

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Our Thoughts: How Mutual Of Omaha Stands Out For Medicare Supplement

Mutual of Omaha Medicare Supplement is a good value for most people because plans balance cost and quality. Prices are cheap to moderate. In many states, Mutual of Omaha has the cheapest rates for Medigap Plan G, averaging $150 per month for a 65-year-old female. Plus, Mutual of Omaha’s midrange quality ratings mean the company outperforms many other cheap providers that have poor ratings and many complaints.

Mutual of Omaha isn’t a good fit for those who are looking for a high-rated insurer. If you’re interested in top-tier performance, consider one of our best-rated Medicare Supplement companies.

However, this middle-of-the-road approach of balancing cost and quality is the sweet spot for many Medicare enrollees. As a result, Mutual of Omaha is popular â it’s the third-largest provider in the country, issuing 10% of all Medigap policies.

Plus, the company offers additional ways you can lower your costs. Those who qualify for the household discount can get 7% to 12% off of rates. Mutual of Omaha also offers High-Deductible Plan G, an affordable plan not offered by many providers.

However, the company’s good prices come with a trade-off, and options are basic for add-on benefits and plan selections.

Who Offers Better Medicare Supplement Rates

Humana and Mutual of Omaha are free to set their own pricing for Medicare Supplement Insurance plans. As you compare plans, you may find differences in premiums for the same plan in the same location being sold by two different companies.

The table below shows a cost comparison between Humana and Mutual of Omaha for Medicare Supplement plans in select cities. The example rates below are taken directly from each company’s online quote tool, based on a 65-year-old non-smoking female.

Please note that plan availability and costs vary from one ZIP code to another. Be sure to compare your local plan options to find out how much each plan may cost where you live.




As you can see from the table above, Mutual of Omaha generally has lower premiums for Medicare Supplement Insurance than Humana, although that may not be the case with every plan in every location.

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Mutual Of Omaha Medicare Supplement

Mutual of Omaha has been serving the Medicare Supplement market since 1966, just after Medicare began in 1965. That means you can be confident in choosing your plan with an experienced company. Mutual of Omaha is the 2nd largest Medicare Supplement carrier in the country. Mutual of Omaha is rated A+ Superior by A.M. Best Company. Mutual of Omaha has more than 1.3 million policy holders through 2018.

Medicare Supplement plans are sold under Mutual of Omaha, United of Omaha, United World, Omaha Insurance and Omaha Supplemental Insurance.

Mutual Of Omaha Medicare Supplement Plans For 2022

Mutual of Omaha Medicare Supplement

Since all Medigap plan benefits are standardized by the government, the benefits remain the same for each letter plan across all carriers. However, some do offer a few additional perks.

Mutual of Omaha Medigap Special features:

  • No application fees
  • Electronic delivery of temporary ID card when needed
  • Up to 12% discounts for household coverage
  • Plus, you get peace of mind having coverage from an A-rated primary carrier

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