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
  • Written by
    Christian Simmons

    Christian Simmons

    Financial Writer

    Christian Simmons is a writer for RetireGuide and a member of the Association for Financial Counseling & Planning Education (AFCPE®). He covers Medicare and important retirement topics. Christian is a former winner of a Florida Society of News Editors journalism contest and has written professionally since 2016.

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  • Edited By
    Lee Williams
    Lee Williams, senior editor for RetireGuide.com

    Lee Williams

    Senior Financial Editor

    Lee Williams is a professional writer, editor and content strategist with 10 years of professional experience working for global and nationally recognized brands. He has contributed to Forbes, The Huffington Post, SUCCESS Magazine, AskMen.com, Electric Literature and The Wall Street Journal. His career also includes ghostwriting for Fortune 500 CEOs and published authors.

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  • Reviewed By
    Christian Worstell
    Christian Worstell, Medicare expert

    Christian Worstell

    Medicare Expert

    Christian Worstell is a licensed health insurance agent and an established writer in the sector, with articles featured in Forbes, MarketWatch, WebMD and more. His work has positively impacted beneficiaries nationwide and empowers them to make strong health care decisions.

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  • Published: December 6, 2021
  • Updated: May 26, 2023
  • 3 min read time
  • This page features 5 Cited Research Articles
Fact Checked
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A licensed insurance professional reviewed this page for accuracy and compliance with the CMS Medicare Communications and Marketing Guidelines (MCMGs) and Medicare Advantage (MA/MAPD) and/or Medicare Prescription Drug Plans (PDP) carriers’ guidelines.

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APA Simmons, C. (2023, May 26). Mutual of Omaha & Medicare Supplement Insurance Plans. RetireGuide.com. Retrieved June 6, 2023, from https://www.retireguide.com/medicare/supplement-insurance/companies/mutual-of-omaha/

MLA Simmons, Christian. "Mutual of Omaha & Medicare Supplement Insurance Plans." RetireGuide.com, 26 May 2023, 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 26, 2023. 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 begins covering your remaining Medicare-related expenses as soon as 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.

Company quality and reputation is an important factor to consider when shopping for Medicare Supplement Insurance. Longstanding companies with strong ratings like Mutual of Omaha are easy to trust and can be a great choice for consumers, particularly those new to Medicare.

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, sex 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.

<a href="https://www.consumeraffairs.com/insurance/mutual_of_omaha_health.html"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 26, 2023

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/medicare/best-medicare-supplement-providers/
  2. Better Business Bureau. (n.d.). Mutual of Omaha. Retrieved from https://www.bbb.org/us/ne/omaha/profile/insurance-companies/mutual-of-omaha-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