Mutual of Omaha Medicare Supplement Insurance Review


Rating: 9.2 / 10 (Excellent)
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Headquartered in Omaha, Nebraska Mutual of Omaha is a mutual company owned by policyholders. The company has been in business since 1909. It began as a health insurance carrier and later expanded its portfolio to include, among other products, life insurance, banking, Medicare Supplement Plans (Medigap), and even a wildlife television show. As a standardized Medigap carrier, Mutual of Omaha is a top choice with additional benefits that customers won’t find with other carriers.

How is Mutual of Omaha rated?

Breakdown

10/10
Coverage
8/10
Pricing
9/10
Customer Experience
10/10
Financial Strength

Overall Rating: 9.2 / 10 (Excellent)

Mutual of Omaha immediately gets top points for allowing prospective customers to request online Medigap quotes that only take a minute to complete and show up on the screen. The quotes show available plans by state, premium cost, and discount and original prices if the household discount option is selected. Furthermore, those who purchase a Medigap Plan from Mutual of Omaha get a complementary eye vision plan. Thus, Mutual of Omaha Medicare Supplement Plans should definitely be on your comparison list.

Mutual of Omaha Coverage

Coverage - 10 / 10

Mutual of Omaha offers all Medicare Supplement Plans that feature the same standard benefits of all Medigap Plans. Every policy is guaranteed renewable and is accepted nationwide. Also, with all Medigap policies a complementary vision care program is included. Availability, like with other carriers, varies by state.

Plan Types

  • Plan A - It includes hospital copayment costs up to a year after Medicare benefits are exhausted, the first three pints of blood, Part B coinsurance including preventive care services after deductible, and hospice care.
  • Plan B - Offers the same amount of coverage as Plan A, with the addition of a hospital deductible in each benefit period.
  • Plan C - One of the most popular plans, it adds on a skilled nursing facility daily copay, the Part B annual deductible, and emergency care outside of the U.S.
  • Plan D - Though this includes most of the same benefits as plan C, it does not cover the Part B deductible.
  • Plan F - Less expensive than other plans, F covers all the same benefits as C, with the addition of 100% of Part B's excess charges.
  • Plan G - Covers almost every Medicare supplemental insurance benefit, with the exception of Part B's annual deductible.
  • Plan K - Covers half of: Part B co-insurance, first 3 pints of blood, hospital deductible, skilled nursing facility, and hospice care. It also covers all the co-insurance for Part B preventive care services.
  • Plan L - Just like Plan K, this covers all of your Part A & B copays after a certain amount out-of-pocket, and 75% of every benefit that Plan K covers (instead of 50%).
  • Plan M - Covers hospital copayments, 75% of Part B co-insurance, first 3 pints of blood, 50% of hospital deductible, skilled nursing facility, foreign emergency care, 100% Part B preventive care services post-deductible, and hospice care.
  • Plan N - Covers hospital copayments, Part B co-insurance except $20 for office visits & $50 for emergency visits, first 3 pints of blood, hospital deductible, SNF, foreign care, all of Part B co-insurance for preventive care, and hospice care.

Mutual of Omaha Pricing

Pricing - 8 / 10

As with all Medicare Supplement Insurance Plans, the cost of policies issued by Mutual of Omaha varies by state. However, the company does offer a "household discount" of up to 12 percent and a Vision Care Plan with discounted eye exams, frames, and lenses; which are incentives we have not seen many carriers offer.

Mutual of Omaha Customer Experience

Customer Experience - 9 / 10

Mutual of Omaha has a lower than average NAIC complaint ratio and proven financial strength. That along with the customers' ability to effortlessly request and immediately receive an online quote make Mutual of Omaha a top choice for people looking to purchase a Medigap Plan. Additionally, consumers can speak with a licensed agent who can answer all Medigap-related questions and help them make the right choice.

Support

  • Email
  • Toll-free number

Educational Resources

  • Articles
  • Videos

Reviews

BBB Rating
A+
NAICS Complaint Ratio 2017
0.24
NAICS Total Complaints 2016
33
Date Collected
2018-03-22

Mutual of Omaha Financial Strength

Financial Strength - 10 / 10

The company's long history of continued growth and consistent high scores awarded by major financial rating companies, such as Moody's and A.M. Best speak to Mutual of Omaha’s current strength and financial future. With over 100 years of experience in the field, Mutual of Omaha brings considerable financial strength, as does its $42.4 billion in assets as of 2017.

Ratings

Moody's Financial Rating
A1
AM Best Financial Rating
A+

Year Founded

1909

Underwriter

Omaha Insurance Company

Company Profile

Full Name
Mutual of Omaha Medicare Supplement Insurance
Company Website
Headquarters
3300 Mutual of Omaha Plaza, Omaha, NE, 68175

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Top Rated
10 / 10
  • 9.4 Trustpilot rating
  • Unbiased Medicare experts
  • Speak to a licensed agent at any time
  • Excellent rates for each Medigap plan
  • Network includes top insurance carriers 
  • Supplemental coverage by area