Mutual of Omaha & Medicare Supplement Insurance Plans

Mutual of Omaha offers several different types of Medicare Supplement plans. These plans are used to help handle some of the costs that Original Medicare doesn't cover, including deductibles, copayments and coinsurance. Mutual of Omaha is a national company with plans available across the United States.

Christian Simmons, writer and researcher for RetireGuide
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APA Simmons, C. (2022, May 31). Mutual of Omaha & Medicare Supplement Insurance Plans. RetireGuide.com. Retrieved June 27, 2022, from https://www.retireguide.com/medicare/supplement-insurance/companies/mutual-of-omaha/

MLA Simmons, Christian. "Mutual of Omaha & Medicare Supplement Insurance Plans." RetireGuide.com, 31 May 2022, https://www.retireguide.com/medicare/supplement-insurance/companies/mutual-of-omaha/.

Chicago Simmons, Christian. "Mutual of Omaha & Medicare Supplement Insurance Plans." RetireGuide.com. Last modified May 31, 2022. https://www.retireguide.com/medicare/supplement-insurance/companies/mutual-of-omaha/.

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Mutual of Omaha’s Coverage for Medicare Supplement Insurance

Medicare Supplement plans, also known as Medigap, were made to be paired with Original Medicare, helping beneficiaries to better handle the costs of their health care. While Original Medicare is available through the federal government, Medigap plans are provided by private insurers.

Mutual of Omaha is a major national company that provides Medigap plans across the United States. While Medicare Supplement plans are standardized across companies and offer the same level of coverage, the cost and availability are determined by the insurers and region.

Medigap Plans Available From Mutual of Omaha

Each of the plans offered by Mutual of Omaha include different levels of coverage. For example, Plan F covers all remaining Medicare-related expenses when you use Original Medicare. Plan G, on the other hand, only kicks in after you meet your Part B deductible.

Plans that handle the most costs typically have higher premiums.

Pros and Cons of Medicare Supplement Coverage From Mutual of Omaha

Like any major insurer, there are pros and cons to opting for a Mutual of Omaha Medigap plan.

Pros
  • Size: Mutual of Omaha is a large, national company, which adds security and expertise.
  • Widely Available: Mutual of Omaha’s plans are available in much of the United States.
  • High Ratings: The company and its plans are typically highly rated.
  • Household Discount: The company offers a 7% to 12% household discount.
Cons
  • Price Differences: The price of a plan can vary heavily based on region and several other factors.
  • Choices Vary By Location: A limited number of plans — typically four or fewer — are available in most areas.
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Average Cost of Medicare Supplement Insurance Plans from Mutual of Omaha

Several factors that influence the cost of Mutual of Omaha’s Medigap plans, including age, gender and location. This can make it difficult to nail down an exact cost of a plan without checking for it in your region. But overall, plans tend to hover around the $100-per-month range.

Plans that handle more of Original Medicare’s costs typically will have higher monthly premiums. So, be sure to compare not just what different plans in your area cover but the difference in premiums as well.

Average Rating of Mutual of Omaha

One of Mutual of Omaha’s biggest advantages is that it is a very highly regarded company. It is an accredited business with the Better Business Bureau, which gives it an A+ rating.

Consumer Affairs gives Mutual of Omaha four out of five stars, specifically pointing out its navigable website.

High ratings are typical for a company of Mutual of Omaha’s size. Its national reach and long history make it a solid option for Medigap plans.

Last Modified: May 31, 2022

5 Cited Research Articles

  1. Harris, T. (2021, October 1). Medigap 101: How to pick the best supplement plan for you. Retrieved from https://www.forbes.com/health/healthy-aging/best-medicare-supplement-plans/
  2. Better Business Bureau. (n.d.). Mutual of Omaha. Retrieved from https://www.bbb.org/us/ne/omaha/profile/insurance-companies/mutual-of-omaha-companies-0714-104000434
  3. Consumer Affairs (n.d.). Mutual of Omaha Medicare Supplemental Insurance. Retrieved from https://www.consumeraffairs.com/insurance/mutual_of_omaha_health.html
  4. Mutual of Omaha (n.d.). Medicare Supplement Insurance Plans. Retrieved from https://www.mutualofomaha.com/medicare-supplement-insurance
  5. U.S. Centers for Medicare & Medicaid Services. (n.d.). What’s Medicare Supplement Insurance? Retrieved from https://www.medicare.gov/supplements-other-insurance/whats-medicare-supplement-insurance-medigap