Mutual of Omaha Medicare Supplement Plans

You are here:

Mutual of Omaha offers Medigap plans across the nation, with the exception of Massachusetts. They’re a multi-line provider of insurance and financial service products. Including long-term care, disability, and life insurance. They even have dental and vision options.

Mutual of Omaha (MOO) commits to helping customers through life’s changes by offering an array of insurance, financial, and banking products for more than a century.

They were one of the first to offer Medigap in 1965.

Mutual of Omaha Medicare Supplement PlansThey offer supplements underwritten by:

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

Mutual of Omaha Medicare Supplement Plans Benefits Overview for 2020

All Medigap plans get great reviews because the benefits are standardized by the government. Plan F is a Plan F; no matter which company you choose, the benefits are the same.

Benefits that any Medigap Plan includes:

  • Coverage across the U.S. You can see any doctor that accepts Medicare in the United States.
  • 30-day Free Look period, you can give the supplement a try and cancel if you decide it’s not a good fit.
  • The plan can’t end for health issues or plan usage; these policies are renewable! Of course, this only applies if you’re paying your premium.

Mutual of Omaha Medigap Special features: 

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

Mutual of Omaha Reviews

If you’re looking for a great company, Mutual of Omaha has superior (A+) by A.M. Best and A+ from the BBB. Also, many of our clients are happy with their Mutual of Omaha policy.

Mutual of Omaha Rate Increases

Inflation is a huge reason for premium increases. But, location, age, and other factors are rate increasing factors too.

Rate increases aren’t consistent and you shouldn’t rely on historical rate increases as the only factor in choosing coverage. Sure, it’s worth considering, but it shouldn’t be the deciding factor for coverage.

Below we’ll take a look at the top Mutual of Omaha Medigap plans and discuss the average rate increases for each!

Mutual of Omaha Medicare Supplement Plan F

Plan F is considered a first-dollar coverage plan. Medicare will pay first; then, the balance is sent to the supplement carrier.

If Medicare covers it, then Plan F will cover it as well. But, you need to pay a monthly premium to keep coverage active.

Medigap Plan F can have rate increases that range from 7-10% each year.

Mutual of Omaha Medicare Supplement Plan G

Plan G covers everything except the Part B deductible. For many, the amount they save in premiums exceeds the cost of the deductible.

The rate increases for Plan G tend to be around 5-7% each year. You should see the Medicare Supplement Plan G reviews.

Mutual of Omaha Plan N

Plan N is accessible for people who want the flexibility of supplemental coverage, with a lower premium option. There are costs outside the premium, but the rate increase for Plan N tends to be lower than F and G in most areas.

Mutual of Omaha Plan N rate increases are about 3-5% each year.

Omaha Insurance Medicare Supplement Eligibility & Enrollment

Being eligible for Mutual of Omaha Medigap, means you’re eligible for other Medigap carriers as well. But, if Mutual of Omaha has the best price for you, it’s a company worth choosing.

You’re eligible to enroll once you know your Part B effective date. During the Medigap Open Enrollment Period, you’ll have the opportunity to join without answering health questions.

You can enroll in any Omaha insurance Medicare Supplement plan at any time. But, depending on your enrollment period, you could be denied or charged higher premiums.

When you lose coverage, you may have an opportunity for Guarantee Issue rights; this means you can apply without worrying about underwriting. For example, Part B recipients that lose Medicaid can enroll in a MOO policy with Guaranteed Issue rights in California, Kansas, Tennessee, Utah, and Wisconsin.

Mutual of Omaha Medicare Advantage 2020

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 you’re under 65 or don’t qualify for Medigap, a Medicare Advantage plan is better than no coverage.

Mutual of Omaha Part D Preferred Pharmacy Option

Mutual of Omaha offers two Part D options, including the MOO Rx Value and the MOO Rx Plus.

The cost of the Value plan can range from $20 to $30. Also, the Value policy has no deductible on the first two tiers at preferred pharmacies.

Further, the Value drug list is narrow, always verify your medications.

The cost of the Plus plan is between $45 and $65 depending on where you live. Also, the plan has a $435 deductible on all tiers.

But, on both plans a generic tier 1 drug is $0. Further, MOO includes a broad pharmacy network like CVS, Walmart, and local shops.

Omaha Health Insurance Company is a customer-focused company, that’s why we love working with this company and its subsidiaries.

The company offers Part D prescription drug coverage in 49 states, sorry New York.

FAQ’s

Is Mutual of Omaha a Good Company for Medicare Supplements?

Yes, between their high customer ratings and the relationship we’ve built with the company, we trust them enough to enroll our clients.

Does Mutual of Omaha Medicare Supplement Cover Dental?

While no Medigap includes dental, there are Mutual of Omaha dental and vision plans available. Talk to an agent about adding coverage.

Does Mutual of Omaha Medicare Supplement Cover Eye Exams?

Yes, MOO Medigap clients have access to vision care through EyeMed. Savings extends to eyecare and eyewear.

Sign Up for Your Mutual of Omaha Plan Today!

When you enroll in a Mutual of Omaha plan through MedicareFAQ, you’ll get support from our Client Care Team.

Our team is here to help you find a policy that fits your needs. Also, we can compare quotes with other top carriers in your area.

Give an agent a call today at the number above and learn about your policy match. Or, compare plans now using our online rate tool!

4 Comments

  1. I have been pleased with my coverage with Mutual of Omaha supplement, but I’m curious if SilverSneakers will be added any time soon?

Leave a Reply

Your email address will not be published. Required fields are marked *

Post comment