If you are nearing retirement age, it’s time to start thinking about your options for Medicare. You may have heard of Mutual of Omaha and their suite of Medicare supplements. Let’s take a closer look at what they offer and how they could help secure your future.
Mutual of Omaha Medicare Supplemental Plans Availability
Mutual of Omaha’s A+ rating speaks for itself. This company is available in almost all 50 states and is known for its superior service and sterling reputation.
Mutual of Omaha offers a variety of Medicare supplement plans, which are available in most states. Plan availability may vary depending on where you live. Some of the more popular plans offered by Mutual of Omaha include Plan F, G, and N.
Mutual of Omaha Medigap Plans are underwritten By:
- Mutual of Omaha Life Insurance Company
- United World Life Insurance Company
- Omaha Insurance Company
- United of Omaha Life insurance Company
- Affiliate Company GPM (Government Personnel Mutual Life)
- These plans are available under different names depending on the state in which you live.
Mutual of Omaha Medigap plan lineup for 2022
These supplemental plans are all standardized, so whichever company offers that lettered Plan has to offer the same benefits. So what it boils down to are price, rate of increase, customer service, and overall rating of the company.
Special Features offered by Mutual of Omaha:
- Rapid issue of policies
- Electronic Delivery of Temporary cards and policy
- No application Fees
- Vision discount with EyeMed
- Mutually Well Gym Membership
- Household Discount up to 12%
- A++ rating with great customer service
Mutual of Omaha Medigap Plans average rate increase for top 2 plans were around 13% in 2020. This is slightly higher than the industry average of 11%, but it’s still within a reasonable range.
It’s important to note that these are just averages and your individual experience may vary. Rate increases will also differ depending on which state you live in.
What are the Pros and Cons of Mutual of Omaha Medigap plans?
Pros:
- 12% household discount
- Available in 48 states
- Foreign Travel Emergency Care
- Mutually well Fitness Program
- Discounts on hearing and vision
- A1 customer service experience
Cons:
- Premiums can be higher than the national average
- Not Available in all States
- A limited number of plans
- Website some find cumbersome
Mutual of Omaha has an A+ Business rating and is the longest-acting medicare supplemental insurance company in the market today. In some states, they are not the most competitive price-wise. However, there are a ton of states where they are in the top 10 as far as price points are concerned. When we reach out to existing clients that we had placed with medicare the feedback is always very positive. They like how smooth things run, how easy it is to get claims paid, and dealing with their customer service is always a great experience. To me, the best feedback is from the person using the coverage.
If Mutual of Omaha sounds like a fit for you or you have any questions about how their plans are. Please give us a call or do some research for yourself to see if their values line up with yours. This way when you go to sleep at night you can rest easy knowing you made a good decision. Reach out to us now, so we can go over your insurance needs.