Mutual Of Omaha’s Medicare Supplement Plans

Mutual of Omaha has been around for more than 100 years. They are based in Omaha Nebraska and offer a variety of financial and insurance products, including Mutual Of Omaha Medicare Supplement plans.

Mutual of Omaha was one of the first companies to offer Medicare Supplement coverage to beneficiaries in 1966 after Medicare began.

Many people remember the family friendly show from the 60’s sponsored by Mutual of Omaha called Wild Kingdom, with Marlon Perkins.

Mutual Of Omaha Charitable Giving

They are committed to help people in their time of need, with involvement in the community, and providing charitable giving.

The Mutual of Omaha Foundation is a nonprofit organization that was created to help with poverty related issues and has granted millions of dollars to this cause.

Mutual Of Omaha Financial Stability

Mutual of Omaha has a long history of financial stability and an A+ superior rating from A.M. Best.  They are a Mutual company, owned by the policyholders and not a stock traded company.

Other subsidiaries of Mutual of Omaha are United of Omaha Life Insurance Company, United World life Insurance Company, Omaha Insurance Company, and Omaha Supplemental Insurance Company.

Mutual Of Omaha Medicare Supplement Household Discount

Mutual of Omaha offers a competitively priced Medicare Supplement with up to a 12% premium household discount. Every state is different when it comes to the discount so give us a call to check availability and to get a free quote for your area.

Let’s talk about how this plan works with your Medicare.

If you only have Original Medicare Parts A and B by itself then you could be out of pocket an unlimited amount, with no maximum or cap. This could be equivalent to 20% of all your medical costs plus co-pays and deductibles associated with Medicare Parts A and B.

So it makes sense for you to pick up a plan that puts a cap on your possible out of pocket responsibility. One way to do this is by purchasing a Mutual of Omaha Medicare Supplement plan which would be a secondary insurance to your Medicare.

The monthly cost of a Medicare Supplement Plan with Mutual of Omaha can vary and is based on age, location, and other factors. There are no networks and you can see any doctor or provider nationwide that accepts Medicare.

Mutual Of Omaha Medicare Supplement Plans

Mutual of Omaha offers Medicare Supplement Plans A through N but the plan offerings may differ in each state. These plans are standardized by the government. This means that benefits for each plan offered are exactly the same from company to company.

You’ll want to compare your options and we can help you with this.

Plan A benefits cover 100% of the Medicare Part A and Part B coinsurance and co-pays, 100% for blood, and 100% of the Part A hospice care coinsurance and co-pays.

Plan F benefits cover 100% of what Medicare doesn’t cover, so there’s no out of pocket. The Plan F is only available to those were eligible for Medicare before January 1 2020.

The 2 most popular Mutual of Omaha Medicare Supplement plans are Plan G and Plan N.

Mutual Of Omaha Most Popular Medicare Supplement Plans

Both Plan G and plan N offer the same coverage for Medicare Parts A and B deductibles and coinsurance. Also Skilled nursing and rehab facility stays, hospice care, and foreign travel emergency.

Neither plan covers the Medicare Part B deductible. This is an annual deductible that you are responsible to pay each year. This deductible re-sets every January and it can change from year to year.

With Plan G, once you’ve met this deductible during the year, your medical cost will be covered 100% for the remainder of the year.

With Plan N, once you’ve met the Part B deductible during the year, you could have up to a $20 co-pay for primary or specialist office visits.
Telehealth visits, where you consult with a doctor over the phone, are not office visits, so there’s no co-pay for this service.

Another co –pay you could have is if you go to the Emergency room. For this you could have up to a $50 co-pay. But, if you are admitted as an inpatient to the hospital, the co-pay is waived.

Plan N Medicare Excess Charges

One other benefit that Plan N doesn’t cover is Part B Excess Charges. This is an amount up to 15% that a healthcare Provider can charge in addition to the amount of what Medicare approves for services.

What Is Medicare Assignment?

Doctors that accept Medicare Assignment or Medicare as “payment in full” are called Participating Providers. They cannot bill for excess charges.

You won’t have to worry about any balance billing with plan N. As long as you see Doctors and providers that accept Medicare Assignment.

You can find out if a Doctor accepts Medicare Assignment by going to the Physician Finder tool on the Medicare’s website. 

States That Do Not Allow Excess Charges

Some states, by law, do not allow Excess charges. This law is the Medicare Overcharge Measure or MOM law. If you live or travel to any of these states then you won’t have Excess Charge billing in these states.

The following states do not allow Excess Charge billing:

• Connecticut
• Massachusetts
• Minnesota
• New York
• Ohio
• Pennsylvania
• Rhode Island
• Vermont

Most doctors and providers today accept Medicare and Medicare assignment and balance billing is rare. You should still make sure your doctors are fully participating in Medicare before seeing them.

Here are some key benefits of Mutual of Omaha Medicare Supplement plans:

• They cover the gaps that Medicare Parts A & B don’t cover.
• You have freedom to choose your Doctors.
• There are no networks. You can see any provider nationwide that accepts Medicare.
• It’s portable coverage that follows you wherever you go, there’s even foreign travel emergency coverage.
• It has a predictable cost. You have a set premium every month.
• They’re guaranteed renewable. Your plan cannot be cancelled for any reason as long as you continue to pay the premiums.
• You can switch plans at any time of the year as long as you qualify.
• There’s also no Annual enrollment.
• All the plans are standardized, which means the benefits are exactly the same from company to company.

For a Mutual of Omaha quote in your area get in touch with us! Give us a Call or Email us at Info@usamedicareplan.com.

Our service is 100% FREE and we’re happy to help you.