Mutual of Omaha Medicare Supplement Plans
Boomers stand to benefit from signing up for Medicare Supplement plans underwritten by private insurers like Mutual of Omaha. Several affiliates of the company also sell these supplemental covers including United World Life Insurance Company, Omaha Insurance Company, and United of Omaha. Mutual of Omaha functions as a full-service provider of multiple types of insurance covers, financial services, and Medicare Supplement plans.
When the federal government introduced Medicare in 1965, Mutual of Omaha was the first private insurer to offer supplemental plans for sale. Even more impressive is the fact that Mutual has been involved in the insurance business much longer since 1909. Worth pointing out is that the U.S. government does not endorse the Medicare Supplement plans sold by Mutual or its affiliates.
Original Medicare gives seniors peace of mind because it takes care of their medical tab when they need it. The only problem is that Medicare does not handle all medical costs and that leave gaps that require seniors to fulfill out of pocket. Medicare Supplement plans, also called Medigap covers, step in and help bear part of the burden of these costs.
Mutual of Omaha Medicare Supplement plans are available countrywide, except for the state of Massachusetts. Mutual sells several types of Medicare Supplement plans and their availability varies by state. Plans G and F prove to be the most popular Medigap plans offered by Mutual of Omaha and its affiliates across all states.
The Similarities Of Mutual of Omaha Medigap Supplements
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Purchasing a Medicare Supplement plan from Mutual of Omaha guarantees that you are getting the same level of coverage as a similar Medigap plan offered by a different insurer. In summary, Medicare standardizes these supplemental policies making sure that they match up across the board regardless of which insurer sells them. A Mutual of Omaha Medicare Supplement plan also guarantees:
- Nationwide coverage allowing you to visit medical facilities across the U.S. where Medicare is accepted.
- A guaranteed renewable plan that will not be canceled down the road based on medical usage or health conditions.
- A 30-day free-look period.
Some of the additional benefits that come with a Mutual of Omaha Medigap cover include:
- As much as 12% discounts (household) but this varies from one state to the next.
- They do not charge application fees.
- You get your policy rapidly after signing up.
- They issue a temporary electronic ID card if necessary.
Most importantly, you are assured of getting your medical claims honored by a major A-rated insurer.
Supplement Plan F From Mutual Of Omaha
As explained, whether you buy Mutual of Omaha Medicare Supplement plans or get them from other private insurers, you are guaranteed that you are receiving the same level of coverage. The only thing that differs is the level of coverage each plan provides, and Plan F is one of the popular Medigap covers sold by Mutual.
F takes care of both outpatient deductibles as well as inpatient hospital stays. The supplemental cover also helps with the payments related to coinsurance. Plan F allows you to visit any doctor participating in Medicare.
Supplement Plan G From Mutual
Medigap Plan G is another standardized supplemental cover available from Mutual of Omaha as well as its affiliates. G differs from F in terms of the monthly premium payable, and you will generally pay lower rates for Plan G. Another difference is that you have to pay the Part B annual deductibles out of pocket. This option can help you save on cost if your deductible is lower than your annual premium savings.
We recommend getting an in-depth look at what Plan F and G cover to figure out which one would work best for your current and projected medical needs.
Supplement Plan N From Mutual Of Omaha
Mutual of Omaha offers another alternative Medigap cover, and that is Plan N. This Medicare Supplement was designed to help seniors shoulder their medical costs while paying a lower premium for the cover. However, the trade-off is that this plan comes with more out of pocket expenses in terms of copays on doctor and emergency room visits and Part B deductibles.
You will also handle Part B excess charges and these refer to the 15% additional doctor’s charges that Original Medicare does not cover. Check with the doctors you frequently visit to figure out ahead of time if they have excess charges on their services.
Plan N proves popular for seniors who want the cushioning that a Medigap cover offers while still paying lower premiums on the policy. Mutual of Omaha Medicare Supplement plans are the most competitive across different states, and you are guaranteed that you are getting a valuable supplemental cover at a great deal.
Medicare Advantage Plans From Mutual Of Omaha
Mutual of Omaha also expanded into the Medicare Advantage market in recent years to give seniors an alternative to Original Medicare. They floated two CareAdvantage plans available in Cincinnati (Kentucky/Ohio) and San Antonio.
Get Medicare Supplement Quotes From Mutual of Omaha
Boomer Benefits works with Mutual of Omaha and the insurer’s affiliates to provide Medicare Supplement plans. You can access quotes to figure out how much you are looking at paying for your preferred Medigap plan purchased from Mutual of Omaha.
Access the quote free of charge and get a comparison of what Mutual and its affiliates are charging for your preferred plan. You will also receive more information about what specific Medigap covers Mutual and its affiliates offer within your specific state.
Customer service is king and when you purchase a Medicare Supplement through Boomer Benefits, you can rest assured that the service will be nothing short of exceptional. The policyholder services you will receive include help with filing appeals if Medicare does not pay for a claim.
You also get assistance with ironing out bill errors that can occur at the doctor’s office. Best still, you get a review of the options available for Part D annually upon request. Note that Mutual does not offer Medicare Part D and seniors have to pay for prescription drug costs out of pocket.