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Mutual Of Omaha Medicare Supplement Insurance Plans 2022

Original Medicare (Part A and Part B) only covers around 80% of your health expenses.

Medicare Supplement plans (also known as Medigap plans) work to fill in the gaps by covering a portion of the out-of-pocket expenses, such as deductibles, copayments, and coinsurance.

Mutual of Omaha offers ten standardized Medicare Supplement to Medicare beneficiaries across the country. Read on to find out whether Mutual of Omaha is the right insurer for your Medicare Supplement needs.

About Mutual Of Omaha

Mutual of Omaha is a reliable and stable insurance company that has been around since 1909 and was one of the first companies to offer Medigap plans in 1965.

As an older insurance company with many insurance lines and strong reserves, Mutual of Omaha is an excellent choice for Medicare Supplement plans. While based in Omaha, Nebraska, Mutual of Omaha Medicare Supplement plans are available in all states except Massachusetts.

Mutual Of Omaha

Mutual of Omaha Supplement Plans for Medicare

Mutual of Omaha offers Medicare Supplement Insurance to support those struggling to pay the associated Original Medicare costs.

Medicare standardizes the 10 Medicare Supplement insurance plans (A, B, C, D, F, G, K, L, M, and N), meaning you will receive the same benefits regardless of which insurance company you purchase a plan from. For example, Plan G from one insurer will have the same benefits as another.

Mutual of Omaha Medicare Supplement plans additionally offer:

  • Nationwide coverage allowing you to see any provider that accepts Medicare
  • Guaranteed renewable no matter what your health condition or medical usage
  • 30 day, Free Look Period. You can cancel for any reason during the first 30 days with a full refund
  • Household discounts up to 12%, which varies depending on which state you’re in
  • No application fees
  • Rapid policy issue
  • Electronic delivery of temporary ID cards
  • Peace of mind when you use an A-rated carrier from a major insurance company

Amongst the Medicare Supplement plans that Mutual of Omaha offer, Plan F, Plan G, and Plan N are the most popular.

Supplement Plan F

Plan F is widely considered one of the most complete Medigap plans, covering almost every gap found in Original Medicare. Out-of-pocket expenses are covered for any hospital and outpatient medical service, meaning no deductibles or coinsurance need to be met.

In 2020, Plan F was discontinued due to new legislation prohibiting the sale of plans that cover Medicare Part B deductible. Although Plan F is no longer available to new beneficiaries, it is still available to a closed pool of people who were eligible for Medicare before January 1, 2022.

If you’re already enrolled in a Plan F policy, you will not lose coverage from your plan.

Supplement Plan G

Plan G is rightly compared to Plan F; the two plans share almost the same coverage benefits, except Plan G does not cover Medicare Part B annual deductible. The similarly broad coverage makes Plan G a perfect alternative for those unable to enroll in Plan F.

Because the Part B annual deductible ($198 in 2022) is minimal and premiums are often much lower on Plan G, the plan can often be more cost-effective than Plan F.

Indeed, Plan G isn’t as comprehensive as Plan F, but it is a close second and has a lower monthly premium!

Supplement Plan N

Plan N is a popular choice for individuals with limited budgets who would still like Medigap’s flexibility.

The policy is very similar to Plan G but doesn’t cover Part B excess charges. Plan N enrollees are also responsible for copayments (up to $20 copay for doctor visits and up to $50 copay for ER visits). Because of the lower coverage, Plan N is available at a more affordable price.

When it comes to affordable plan options, Plan N is a plan that primarily suits money-conscious individuals.

Mutual of Omaha Medicare Advantage Insurance for 2022

Mutual of Omaha will discontinue its Medicare Advantage plans for the 2022 plan year. Current Medicare Advantage beneficiaries will continue to receive coverage until the end of 2022, at which point they will need to search for a new carrier.

Mutual of Omaha Rx Prescription Drug Plan

Prescription drugs can be expensive, and for those who take multiple medications, the costs can quickly accumulate. Medicare Part D is an optional plan that provides a discount on prescription drug medication.

Mutual of Omaha offers two Part D plans: Rx Premier and Rx Plus. Rx Premier has no deductible on tier 1 and tier 2 drugs, but the drug list is narrow. Rx Plus has a higher premium and a $445 deductible but covers a larger percentage of higher-tier drugs.

Mutual of Omaha Dental Insurance

Some Americans prefer to have all of their insurance under the umbrella of one carrier. If your Medicare Advantage policy does not contain dental coverage, you can purchase a stand-alone dental plan with Mutual of Omaha.

Mutual of Omaha Carrier Ratings

Mutual of Omaha is one of America’s most established and respected insurers. The company offers a range of options, covering everything from life insurance to Medigap. With a variety of policies, consistently positive customer satisfaction, and competitive pricing, Mutual of Omaha is one of the most popular insurers for Medigap.

Alongside customer satisfaction, Mutual of Omaha receives some of the highest ratings attainable from rating agencies. High ratings ensure you are dealing with an insurance company that treats plan holders fairly and can pay contributions on time.

Mutual of Omaha has an A+ rating from AM Best, the number one authority that rates Medicare Supplement insurers. The insurer also has an A1 rating from Moody’s Investors Service for financial strength and ability to withstand financial stress.

Mutual of Omaha FAQ

Is United of Omaha the Same as Mutual of Omaha?

Yes. United of Omaha is an affiliate of Mutual of Omaha and is responsible for life insurance coverage rather than Medicare.

Is Mutual of Omaha a Good Insurance Company?

Yes. Because of the high customer ratings, the long-standing reputation they’ve built since 1909, and the competitive premiums, we endorse Mutual of Omaha’s Medicare Supplement coverage.

Does Mutual of Omaha Medicare Supplement Cover Eye Exams?

No. Original Medicare doesn’t cover vision benefits unless it is related to a medical condition. Medicare Supplement plans do not offer these benefits, either. However, vision coverage is sometimes included within Medicare Advantage plans.

For an accurate estimate of Mutual of Omaha Medicare Supplement plans in your area, use our free quote tool. If you would like more information about Medicare Supplement plans and your options, speak to one of our licensed agents today at 1-844-236-0228.

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