Mutual of Omaha Medicare Supplement Review

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A.M. Best financial strength rating: A+ BBB rating: A+  Consumer Affairs rating: 4.1
Quick Mutual of Omaha Medicare Supplement Insurance plans review:

Mutual of Omaha offers multiple Medicare Supplement plans with positive reviews, but you’ll need to pass underwriting to enroll outside of limited guaranteed issue periods.

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Founded in 1909, insurer Mutual of Omaha has administered Medicare health plans since Medicare began in 1966. This well-established company maintains strong financial operating results.

Mutual of Omaha offers 10 different plans, with plans available in all 50 states. The insurer has a reputation for excellent service and various policies. The following overview can help you choose the best Mutual of Omaha Medicare Supplement Insurance plan for your needs.

Pros and Cons of Mutual of Omaha’s Medicare Supplement Insurance Plans

What we like about Mutual of Omaha Medicare Supplement plans: The drawbacks of Mutual of Omaha Medicare Supplement plans:
  • Available in 47 states
  • Easy, free online quotes
  • Foreign travel coverage
  • Discounts on hearing tests, vision services, and a Mutually Well program
  • Potential for premium hikes
  • All plans not available in every state

What Do Mutual of Omaha’s Medicare Supplement Insurance Plans Cover?

Also known as Medigap, Mutual of Omaha’s Medicare Supplement plans work with Original Medicare Parts A and B. They help beneficiaries reduce their out-of-pocket costs by lowering or eliminating copays, coinsurance payments, and deductibles. Coverage is valid at Medicare-participating doctors and hospitals across the United States even when traveling, and plans are guaranteed to be renewable as long as you continue to pay your premiums. Medicare Supplement policies are compatible with Part D plans that can lower your prescription drug costs.

Once you are a Mutual of Omaha Medicare Supplement plan member, the following services and discounts are included:

  • Mutually Well program which gives you discounts of up to 30% on healthy living products, an affordable fitness program, and free 30-day walking program with personalized planning for your nutrition, fitness, and wellness needs
  • Hearing discounts
  • Vision discounts with EyeMed Vision Care

Mutual of Omaha Medicare Supplement plans can’t cancel your policy as long as you pay your premium on time, and your benefits will always stay the same. Depending on which type of policy you have, your monthly premiums may increase each year due to age or inflation.

Mutual of Omaha Medicare Supplement Insurance Plan Options

There are 10 universal Medigap policies known as plans A, B, C, D, F, G, K, L, M, and N, including standardized benefits and copay reductions. Plans C and F are only available to existing Medicare enrollees who became eligible for Medicare before 2020. New beneficiaries can sign up for a Medigap plan without restrictions during their six-month Medigap open enrollment period. Otherwise, insurers can base eligibility on your medical history.

With the exception of Plan F, you’re responsible for paying your $233 Part B deductible (in 2022) for medical services and diagnostics. Medigap policies can reduce or eliminate your Part A hospital deductible, which can save you up to $1,556 per benefit period. Some plans may pick up excess charges beyond Medicare-approved amounts, and they can limit your out-of-pocket expenses.

Mutual of Omaha policies let you receive services from any doctor, specialist, or hospital that accepts Medicare anywhere in the country. The plans also help cover medically necessary emergency care services outside of the United States. Typically, you won’t need to obtain a referral for any medical services.

The company offers a 7% to 12% household discount. The savings are available to those who reside with a spouse, domestic partner or other seniors over age 60. You can get the discount even if other household members don’t have Mutual of Omaha insurance.

Learn more about some of the Mutual of Omaha Medicare Supplement plans that may be available in your area (contact Mutual of Omaha to find your monthly premium based on your age and medical condition):

Plan name Monthly premium† Part A hospital deductible Part B medical deductible Member responsibility for excess charges Out-of-pocket maximum
High-deductible Plan G $40 – $55 $2,370 $233 $0 N/A
Plan G $110 – 375 $0 $233 $0 N/A
Plan N $77 – 341 $0 $233 Up to $20 for office visits or up to $50 for ER care N/A

*Based on pricing in Denver, CO in 2022.
†Rates are based on medical eligibility

Mutual of Omaha Medicare Supplement Insurance Plans Reviews and Ratings

Mutual of Omaha has received mostly positive reviews on its Medicare Supplement plans. Customers appreciate its stability and accessibility throughout the country. Some reviewers give the company mixed marks on its service and pricing.

Trusted ratings and reviews can help you understand how an insurer’s plans stack up against the competition. See how A.M. Best, the Better Business Bureau, and more rate Mutual of Omaha Medicare Supplement plans.

A.M. Best financial strength rating: A+ A.M. Best is a credit rating agency that specializes in the insurance industry.

An A+ rating in this category indicates that A.M. Best believes Mutual of Omaha Insurance Company and its subsidiaries have a superior ability to meet ongoing insurance obligations.

BBB rating: A+ The Better Business Bureau has given Mutual of Omaha an A+ rating, although the BBB hasn’t accredited the company. More than 135 complaints have been closed in the last three years.
Consumer Affairs rating: 4.1 Mutual of Omaha has a 4.1 out of 5 stars rating on ConsumerAffairs, based on more than 286 ratings in the last year. Positive comments highlight the company’s consistent claims payments, excellent customer service, and a broad network of providers.

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Certified Senior Advisor (CSA)®

As a health care professional since 1987, Kelly Blackwell has walked alongside and cared for seniors as they journey through the season of their fourth quarter of life. Blackwell holds a Bachelor of Science in nursing from the University of Northern Colorado, a Master of Science in health care administration from Grand Canyon University, an interprofessional graduate certificate in palliative care from the University of Colorado Anschutz Medical Campus and holds a Certified Senior Advisor® credential from the Society of Certified Senior Advisors.

Blackwell contributes to the University of Colorado-Anschutz blog and has been published in “The Human Touch” distributed by the University of Colorado Center for Bioethics and Humanities. She cowrote “Dying Is” for Pathways Hospice.

A registered nurse, Blackwell understands health insurance choices influence quality of life and are driven by values, goals, and beliefs. She’s passionate about engaging with, educating, and empowering seniors as they navigate the health care system. She’s equipped to lend an experienced, compassionate voice to beneficiaries seeking information about Medicare Advantage Plans.

As a CSA®, Blackwell has access to valuable resources for Medicare beneficiaries. Her work as a bedside nurse and clinical manager has given her the opportunity to see how Medicare rules, regulations, and benefits work when patients need them. With a passion to learn and to make a difference in the lives of seniors, Blackwell supports seniors through Medicare and fourth-quarter life decisions.

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