What Is United World Life Insurance?
United World Life Insurance Medicare Supplement plans help to bridge the gaps left behind by Medicare Part A and B. These plans can help with the costs of doctor visits, hospitalization stays, copays and coinsurance, and deductibles.
The United World Life Insurance Company was created in 1983 in Omaha, Nebraska. After serving their clients well for so many years, they have been galvanized in the market, having earned the rating of a Superior “A+” company.
United World Life Insurance History
United World Life Insurance was created as a subsidiary of a larger organization called Mutual of Omaha in 1983, and has been going strong ever since. Mutual of Omaha funded the “Wild Kingdom” television program, hosted by Marlin Perkins and Jim Fowler, for over 20 years, which has now migrated to a web series hosted by Stephanie Arne, and is still going strong.
Mutual of Omaha was also one of the first insurance companies to offer disability insurance to non-professional workers and in 1966 began offering Medicare supplemental insurance.
Fast forward to 1983 and beyond, United World Life Insurance offers many types of insurance, from general life insurance to Medicare supplement plans. We will be going over the Medicare supplement plans they offer.
United World Life Medicare Supplement Plans:
The Mutual Of Omaha family of companies offers Medicare Supplement Plans in multiple states with up to a 12% household premium discount.
Plan A offers only the most basic benefits, helping with copays and coinsurance payments not covered by Medicare Part A and Part B; Hospitalization expenses and doctor’s office expenses respectively.
Plan B will cover the same expenses as Plan A, all leftover expenses from visits to the doctor’s and hospitalization, but in addition to that, Plan B will also take care of the deductible for any Hospitalizations (Medicare Part A).
Plan C will again offer the same benefits as Plan A and B, but will also offer assistance with coinsurance with regards to any time spent in a skilled nursing facility. As well as taking care of the deductible left over from Medicare Part B, and it will also insure you in case you need to visit a hospital while visiting a foreign country.
Plan D will cover many of the same bases as Plan C, meaning that it will cover left over coinsurance payments and copayments; Skilled nursing facilities coinsurance; foreign travel emergency room coverage; and the deductible left over from Medicare Part A. However, Plan D does not cover the deductible left over from Medicare Part B, like Plan C above.
Plan F comes in two different varieties: A regular Plan F and a high deductible Plan F. The basic Plan F includes coverage all across the board, from the basic benefits we discussed above included in plans A through D; both Medicare Part A and B deductibles and even covering excess charges left over from the Medicare Part B.
High Deductible Plan F requires that you pay the full deductible before the plan will cover anything. The deductible exceeds $2000 and can change every year. The added benefit is that you will not have to pay for anything out of pocket once the deductible is met. The monthly premiums are also very low.
Plan L will take care of basic hospitalization benefits, but will only cover 75% of basic benefits such as, the Medicare Part A deductible, and skilled nursing coinsurance.
Plan K provides the same benefits as Plan L, however, it will only cover 50% of those basic benefits listed above under Plan L.
Most Popular Medicare Supplement Plans
The most popular United World Medicare Supplements plans are Plan G and Plan N.
Plans G covers Part A deductibles and coinsurance, skilled nursing, and 100% of Excess Charges. You are responsible to pay the Part B deductible. This amount can change every year.
Plan N covers basic expenses for Part A deductibles and coinsurance and skilled nursing. You are responsible for the Part B deductible. You could also 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. There’s no co-pay for this service. If you go to the Emergency room, then 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.
When To Consider United World Life
Before shopping for Medicare supplement plans, you will need to make sure that you are eligible for coverage. You need to be age 65 or older and enrolled in Medicare Part A and Part B. Some people under age 65 may qualify for coverage.
United World Life Insurance is not available in every state. The Medicare Supplement plans are available in Alabama, Arkansas, Colorado, Delaware, Kansas, Maryland, Minnesota, Montana, North Dakota, Pennsylvania, Utah, and Wyoming.
Make sure that you’re eligible to apply for a plan. The plan that works best for you depends on your lifestyle and medical needs. These plans work well if you’re looking for comprehensive coverage and a more predictable payment every month.
These plans are great for those who travel. They follow you wherever you go throughout the United States and also some plans include foreign travel emergency coverage.
What Customers Think Of United World Life Insurance
United World Life has been able to retain a loyal customer base. They have very positive feedback for their service. The list down below shows some of the main points of what their customers are saying about them online.
Customer Reviews Of United World Life Insurance:
- Financial stability
- Excellent customer service
- Experienced representatives
- Quick issue of policies after purchase (approximately 4 days)
United World Life Insurance Company has been around for decades. They are clearly very financially stable, which reflects in the plans and services that they offer to Medicare beneficiaries.
On top of that, they have experienced representatives who have been with them for years. Their employees provide excellent customer service. They help customers through any problems or concerns that they might have with their coverage.
Additionally, United World Life is quick to issue Medicare supplement policies. On average, it takes approximately 4 days for approval and the plan is put in place upon initial payment.
If you have questions on any of the plans, then give us a call or email us at Info@usamedicareplan.com, our service is 100% FREE and we’re happy to help you.