Mutual Of Omaha Medicare Supplement Review In 2023 & Beyond
Posted in Medicare Supplement Reviews last updated on February 26, 2023
Mutual Of Omaha Medicare Supplement Review
Summary
Mutual Of Omaha has great rates for its Medicare supplement plans. They also have many other low-priced insurance products such as final expense and mortgage protection.
| Pros | Cons |
|---|---|
| ✅ Very affordable prices | ❌ Not in every state |
| ✅ Multiple other insurance products | ❌ Above average Plan F rates |
| ✅ Offer many different Medicare plans |
Mutual Of Omaha is one of the best Medicare supplement companies that have a great history of low rate increases and low starting rates for people turning 65.
But are they the right carrier for you?
This article will review Mutual Of Omaha’s Medicare supplement plans and give you all the information you need to know.
If you want to compare 15+ of the top Medicare supplement companies fill out our quoter. On mobile select “Get Quote”.
Table Of Contents
- Mutual Of Omaha Medicare Supplement Ratings
- Mutual Of Omaha Medicare Supplement Plan Availability
- Plan F
- Plan G
- Plan N
- Mutual Of Omaha Medicare Supplement Rate Increase History
Mutual Of Omaha Medicare Supplement Rating & Complaints
The Better Business Bureau has given Mutual Of Omaha an A+, although that does not mean they are perfect.
They have 4/5 stars on Consumer Affairs which you can see here.
Overall they have great ratings by both consumer advocates and consumers alike.
Mutual Of Omaha Medicare Supplement Plan Availability
Mutual Of Omaha offers Medicare supplement plan A, F, G, & N. These are the most popular plans that 90%+ people buy.
They currently offer their Medicare supplement plans in all states including Washington D.C. except Massachusetts.
Here is a handy chart for what different Medicare supplement plans cover.
Plan D & F are no longer available to new applications to Medicare, but you can still get them if you were eligible for Medicare before January 1, 2020.
Mutual Of Omaha Medicare Supplement Plan F
Mutual Of Omaha’s Plan F is not one of their strong suits. They have above-average prices for their Plan F, which is weird because they have very low prices for their other plans.
The average premium for Mutual Of Omaha Plan F is $178 for a male turning 65.
The average premium for Mutual Of Omaha Plan F is $156 for a female turning 65.
You can find better prices elsewhere 9 times out of 10 if you are looking for Plan F.
Plan F covers all gaps in Medicare, and even covers the Part B (doctor’s visits) deductible, effectively making your medical care $0 out of pocket.
Mutual Of Omaha Medicare Supplement Plan G
Mutual Of Omaha’s Plan G is one of the best on the market. With consistently low rates, this is their most popular plan by far.
As of 2022, the deductible for Mutual Of Omaha Plan G is $233 a year, which is the same for all Medicare supplement plan G’s. Mutual Of Omaha Plan G covers all other medical care expenses except prescriptions, which no Medicare supplement plan does.
The average premium for Mutual Of Omaha Plan G is $124 a month for a male turning 65.
The average premium for Mutual Of Omaha Plan G is $109 a month for a female turning 65.
Mutual Of Omaha Medicare Supplement Plan N
Mutual Of Omaha’s Medicare supplement Plan N is also one of the lowest-priced plans on the market. Many people choose this plan if they cannot afford the Plan G.
Mutual Of Omaha’s Plan N covers everything that Plan G does except for Part B excess charges. Part B excess charges occur when a doctor or network charges more than Medicare will pay. Plan G will cover these costs but Plan N will not.
The average premium for Mutual Of Omaha Plan N is $97 a month for a male turning 65.
The average premium for Mutual Of Omaha Plan N is $85 a month for a female turning 65.
Mutual Of Omaha Medicare Supplement Rate Increase History
When shopping for a Medicare supplement plan it’s also important to factor in the rate increase history. Medicare plans are not locked in for life, and the prices go up every year, even for community-rated plans where everyone gets the same rate.
How much you will have to pay as you get older is also an important factor, as these plans are for your whole life.
Mutual of Omaha has a great history of low rate increases with only a 2-3% increase every year. This is very good compared to the industry average of 3-5%.
Below is a table showing the rates for Mutual Of Omaha. Prices will vary depending on location.
| Age | Plan F | Plan G | Plan N |
|---|---|---|---|
| 65 | $156 | $109 | $85 |
| 70 | $166 | $117 | $92 |
| 75 | $192 | $136 | $107 |
| 80 | $228 | $162 | $127 |
| 85 | $272 | $193 | $151 |
Summary
Mutual Of Omaha’s Medicare supplements are highly rated and have affordable prices, so are they worth it?
The answer is, that it depends on your area.
Mutual Of Omaha might be the lowest-priced carrier for you and they might be the 10th lowest. You should always shop the market before locking into a Medicare supplement plan.
You can do that for free here and compare 15+ of the top-rated companies by filling out our quoter.
Or you can chat with us and we will do it for you 🙂
Either way, we hope this review was helpful for you and leave a comment below if you have any other questions.
We look forward to speaking with you.
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