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Mutual of Omaha is a one-stop shop for health insurance, offering a comprehensive range of coverage options, including Medicare Supplement Insurance, also called Medigap. Medicare Supplement Insurance plans help to fill the gaps left in coverage by Original Medicare (Parts A and B), reducing the financial burden of medical expenses.
Here, we’ll explore Mutual of Omaha medicare supplement plan N. We’ll delve into what it covers, what it doesn’t cover, and how you can apply if you decide it’s a suitable plan for you.
Among Mutual of Omaha’s diverse Medicare portfolio, Plan N stands out as one of its most popular offerings among seniors.
Mutual of Omaha medicare plan N acts as a financial shield against many of the out-of-pocket costs associated with Original Medicare. The Mutual of Omaha plan N medicare supplement covers Medicare deductibles, copayments, and coinsurance, leaving you with predictable monthly premiums and peace of mind.
Among standardized Medicare Supplement Insurance plans, there are nine common out-of-pocket expenses they can cover. However, not all plans are created equal, as some plans offer broader coverage than others. Mutual of Omaha plan N medicare supplement stands out by covering seven of those nine expenses, making it one of the most comprehensive plans available.
Medicare Part A deductible: Medicare Part A includes a deductible that you must pay if you’re hospitalized at a Medicare facility. Mutual of Omaha’s Medicare Plan N covers the entire cost of this deductible, which can potentially save you thousands of dollars if you’re admitted as an inpatient for care.
Medicare Part A coinsurance: Mutual of Omaha’s Medicare Plan N covers coinsurance costs for inpatient stays for up to 365 days after Medicare benefits are exhausted.
Medicare Part B coinsurance or copayments: Medicare Part B charges a 20% coinsurance payment for covered services after payment of the yearly Part B deductible. Mutual of Omaha’s Plan N covers these coinsurance payments except for doctor’s visit copayments and emergency room copayments.
Blood transfusions: Original Medicare doesn’t cover the first three pints of blood required for a blood transfusion. Plan N does.
Medicare Part A hospice care coinsurance or copays: While Original Medicare doesn’t charge for hospice care, you may still pay copays for prescription drugs and respite care. Mutual of Omaha Medicare Plan N fully covers the costs of Part A hospice care coinsurance or copayments.
Skilled nursing facility coinsurance: If your stay at a skilled nursing facility goes beyond 100 days, Medicare won’t cover the cost. Mutual of Omaha Plan N covers the entire cost of skilled nursing facility coinsurance.
Foreign emergency travel coverage: Mutual of Omaha Plan N covers 80% of the cost of emergency treatment received outside of the United States.
While Mutual of Omaha Plan N offers relatively comprehensive coverage, it doesn’t cover everything.
Here’s what Plan N doesn’t cover:
Part B deductible: Mutual of Omaha Plan N doesn’t cover the Medicare Part B deductible for medical costs like doctor’s visits and outpatient care.
Part B excess charges: Excess charges are the amount some doctors or healthcare providers who don’t accept Medicare charge patients. It’s usually up to 15% more than the Medicare-approved rate.
Mutual of Omaha Medicare Plan N may be suitable for you if:
You want predictable out-of-pocket costs and relatively broad coverage.
You use healthcare providers who accept Medicare and don’t want to incur excess charges.
You’re comfortable paying the Part B deductible.
You often travel abroad and want peace of mind when you’re outside of the United States.
Have more questions about Mutual of Omaha Medicare Plan N or want to enroll? We’re glad to help! Contact us today to speak to one of our Medicare experts.