Mutual of Omaha Long Term Care Insurance Review
4 Customer Reviews - see all comments
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Headquartered in Omaha, Nebraska, Mutual of Omaha is a privately-held mutual insurance company with over a century of experience in the industry. As a financially-sound multi-line carrier, Mutual of Omaha currently offers a wide array of reliable insurance, financial, and banking products including long-term care, disability income, and Medicare Supplement coverages.
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MOO offers a 40% Cash Alternative... "Custom Solution", which allows the insured to opt for a max of $2,400 month (plus inflation). In loue of their monthly reimbursement amount. (Balance stays in the policy's pool of money for future use. Reality can be the real test of a contract. Cash is king with Home Care... THE most prevalent form of LTC by far. My parent's are receiving care from a NON-licensed home care person, paid by the carrier... for the past three years. This would not be covered with most Traditional LTCi carriers.
Slow to pay, took two months before I received payment for in home care for my husband for the month of April and May . Here it is the second week in August, still waiting to be paid for June and July. The agency expects payment from me, I am on a fixed income, if I could afford to pay this out of my pocket I wouldn't need this insurance.. Each month I have to get on the phone to push Mutual of Omaha for a check, this adds more stress to a already stressed out life as a caregiver for husband who has Alzheimer's. Choose someone else for your insurance provider.
I am looking for LTCI products for my wife and me. I am 63 and my wife is 62, both in excellent health.
TErrible customer service. MY husband and I had a long term care policy with the spousal shared benefit. HE died in 2/16. THe policy states that if you have the spousal,shared benefit and one spouse dies while the policy is in effect the full remaining benefits on the policy of the deceased spouse will be added to the policy of the remaining spouse. THe annual,statement they sent in 2/17 does not reflect his unused benefits being added to my policy. INnaddition even though I have the 5% inflation rider the statement for 2017 showing the daily benefit for various levels of care shows no increase in benefits over the 2016 statement. I have written to them with no response. COmplaint... Read More