Mutual of Omaha – Medicare Supplemental Plans for Seniors

Mutual of Omaha – Medicare Supplemental Plans for Seniors

If you have been researching your options for Medicare, you are going to realize that the answers are not as straightforward as you might have hoped. On the contrary, you will learn that even though the government is providing you with a service, you will still have to do some choices.

United of Omaha is part of the Mutual of Omaha Companies and was founded in 1926, with a diversified portfolio of life insurance, fixed annuities and other insurance products including Medicare Supplements. Policies are a part of a long history with the reputation of providing quality products since Medicare began in 1966.

Original Medicare, the service program provided by the government, is not setup to cover all healthcare costs. You will find that some costs, such as deductibles and co-pays, are not covered with the program. This would cause many seniors in financial trouble. That’s why there are Medicare supplemental insurance plans to fill the gap. These plans are often referred to as Medigap programs. If you are ready to start discovering the unknown Medigap programs, there are some things you will need to be aware of.

The best time for you to obtain a extra plan is during the open enrollment period, lasting six months from the first day of the month in which you turn 65 or older and enrolls in Medicare Part A and B. During this point applications will not be subject to underwriting, the insurance company cannot reject any position they sell, and do not have a waiting period for coverage to begin, or charge more for a policy based on past or current health condition.

Medicare Supplement Insurance is used to help with health care costs that are not covered with the original Medicare plan. The treatment costs vary quite a bit because the individual companies offer a variety of premiums. This insurance also helps with co-payments and deductibles. People who are enrolled in a Medicare Advantage Plans cannot use it. All Medicare supplement policies must be clearly identified as such. These policies are required to have similar if not identical benefits.

With a phone and an electronic application  available, submitting applications for processing is even easier than before. Typically, policies are issued in four business days making the entire application process quick and hassle free.

Are You Eligible for a Mutual of Omaha Medigap Policy?

If you have Medicare parts A and B, or are about to become eligible for Medicare, then you may purchase a Medicare Supplemental Insurance plan, otherwise known as a Medigap plan. These policies are independent of other types of health insurance, including Medicare Advantage Plans, employer/union group coverage, Veterans Administration (VA) benefits, or TRICARE. Anyone who has Medicare Parts A and Part B, or is about to get Medicare-eligible can take a Medigap plan.

To begin with, there are Medigap plans that all insurance providers must offer. If you would like to work with a certain Medicare insurance provider, such as Mutual of Omaha, because you have used them before and you think that they are affordable and accessible, then you may do so. In other words, the Mutual of Omaha Medicare supplement will look exactly like the Humana Medicare supplement. You will see the same plans, A through N, and you will find that the coverage offered in each plan is exactly the same.

Another company that you will need to make a Medicare Supplement Quote from is Gerber Life. This is the same company that makes the baby food, and they have the same logo. Having been in the insurance business for many years, this company has an “A” rating with A.M. Best. Most of their processing and underwriting is done with the assistance of Mutual of Omaha, so their customer service is first class. In addition, they also have unusually low prices on several states including California, Colorado, New Mexico, and Texas.

What Are Your Benefits with Mutual of Omaha?

A Medicare Supplemental Insurance plan helps pay some of the health care costs that your Original Medicare Plan doesn’t cover. If you have a Medicare Supplement and you are still in Original Medicare, then Medicare and your extra policy will work in tandem to pay both their shares of covered health care costs. Your Medigap policy won’t cover any health care costs for your spouse, therefore, both of you has to take your own policies.

You may be wondering now what difference it makes whether you go with Mutual of Omaha or Humana or Blue Cross. This is unquestionably a matter of preference. There are still a number of factors that will end up lowering or raising your premiums. You should also keep in mind that there are some factors related to the county you live in, preexisting conditions, rate renewal history that can make your payment higher in one provider’s eyes and lower in another. It all depends.

Comparing Medicare Supplemental Plans

A “Medicare Supplemental” or “Medigap” project has to follow federal and state laws, which makes it easier for consumers. Medigap insurance companies can only offer you a “standardized” plan identified by letters A through L, and N. Each standardized Medigap policy must provide the same basic benefits, no matter what insurance company sells it. Cost is usually the only difference between Medigap policies sold by different insurance companies. Medigap policies are structured in standard packages (Plans A through L, and N), making pricing comparisons easy for the consumer.

Who Provides Medicare Supplemental Insurance?

Medicare supplemental insurance is provided by private insurance companies such as Mutual of Omaha, Standard Life, Transamerica Life, United American, Humana, UnitedHealthcare and many others.

Seek out a professional insurance agent to help you understand the information so that you may obtain the best choice for your situation.

Medigap has been added to the Medicare supplement insurance programs that are intended to help protect citizens health. One might assume that the only difference between Medigap plans is the value that goes with them, but that may not be the case. Plan F costs $1336.72 annually when purchased from United World Insurance Company. That same plan costs $1720.45 annually when purchased from Genworth Life and Annuity Insurance Company. As before, the same policy costs $2182.02 annually when purchased from Bankers Life and Casualty Insurance Company. It appears that the truth of the problem is Medigaps are not always created equally.

Don’t forget about Family Life when getting a Medicare Supplement Quote. This company may be small, but they are extremely perceptive and care mightily for their clients. The combination of exceptional customer service and low prices make this carrier a excellent choice for almost everyone. In some places, they have extremely competitive rates that should not be overlooked. In addition, to the well-known companies such as AARP, Mutual of Omaha, and Blue Cross, these smaller companies should be considered as they offer the same benefits and are more affordable in some areas.

Most importantly, make sure that you feel comfortable with the insurance carrier. If you have used Mutual of Omaha for years and years and you would like to continue to use their services because they are affordable and accessible, then you should certainly use this company. The only things you will need to watch out for are companies that will tell you that their supplement plans covering more than other plans. Remember that plans are federally regulated, so they will all have the same coverage.


  1. do you have part D drug plan for Medicare?

  2. I like the benefits section in your post. You can tell us cost also its really admirable. Sometime peoples are confused to know the cost price of Medicare supplement plan.
    Keep it up !!.
    Thanks for sharing…

  3. does my mutual of Omaha cover prescriptions?

    • I’m trying to find out. Since I’ve been with their insurance company. I’ve been treated badly. My office visit have been cut in half. Now they told me it was a wonderful insurance. I was on Medicaid and I was so happy to get off of Medicaid. Now my insurance is called a generic insurance. I’m looking for a part d today. The man that sold me the insurance told me all about it. It’s supposed to be good. My counselor was only with me 30 minutes. I’m going to see how much she turns in to this insurance company.

  4. My ,om has cancer, she has a humana replacement policy and mutual of omaha secondary, the physician says mutual of omaha will not pay as a secondary to a medicare replacement policy, buuut they sure didnt mind accepting her payments… anyone ever heard of this or did we have a receptionist @ docs office who doesnt know what shes talking about? Help please she has brain cancer and now is stressing about insurance!

  5. I am on Plan F.
    Does my plan cover proton therapy?

  6. I carry a plan F.
    Does that plan cover proton therapy?


    From which company I can get the plan F for under 1600 per year ?

    Please help


  8. I am on Medicare plan G. How do I go about getting plan D?


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