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A trusted pillar of the insurance industry since 1909, Mutual of Omaha was one of the pioneers of Medicare coverage. As one of the first administrators of Original Medicare (Parts A and B), the leading private insurer also offers Medicare Supplement plans across the United States.
Here, we’ll delve into Mutual of Omaha Supplement Medicare Insurance plans to help you determine if one of their plans suits you.
While Original Medicare offers relatively good coverage, it doesn’t cover everything. That’s where Medicare Supplement Plans, also called Medigap plans, come in.
Mutual of Omaha Supplemental Medicare insurance cover the expenses Original Medicare doesn’t cover, such as deductibles, coinsurance, copays, and other out-of-pocket costs. You can consider them an extra buffer to safeguard you from the out-of-pocket expenses associated with Original Medicare.
There are variety of Mutual of Omaha medicare supplement plans, each with varying levels of coverage. Next, we’ll delve into some of their popular Medigap plans.
Medicare Supplement Plan A offers the most basic coverage. It covers Medicare Part A coinsurance and hospitalization costs, meaning you won’t have to worry about out-of-pocket costs for inpatient stays. It even extends your hospital coverage by 365 days after you exhaust your Medicare coverage, providing extra peace of mind.
Medicare Supplement Plan B offers similar coverage to Plan A with one extra benefit — it takes care of the Medicare Part A deductible — meaning you pay even less out-of-pocket for hospitalization.
Medicare Supplement Plan F is the gold standard when it comes to Medicare Supplement plans. The plan offers the broadest coverage, covering all Medicare deductibles, copayments, and coinsurance.
In addition, the plan comes with other benefits such as:
Skilled nursing facility care coinsurance
Part B excess charge coverage
Foreign emergency travel coverage, up to plan limits
However, while Medicare Supplement Plan F provides comprehensive coverage, it’s no longer available to individuals who became eligible for Medicare on or after January 1, 2020.
Like Medicare Supplement Plan F, Plan C offers fairly extensive coverage but isn’t available to people who became eligible for Medicare on or after January 1, 2020. However, unlike Plan F, Plan C doesn’t cover Part B excess charges. Part B excess charges are the extra costs some healthcare providers can charge above the Medicare-approved amount.
Medicare Supplement Plan G
If you first became eligible for Medicare on or after January 1, 2020, and want a plan offering the most comprehensive coverage, then Medicare Supplement Plan G might suit you. The plan covers everything that Plan F covers except the Part B deductible, meaning you’ll have to pay out-of-pocket for outpatient care, doctor’s appointments, preventive health services, and more.
Medicare Supplement Plan D is somewhat similar to Part C. If you became eligible for Medicare on or after January 1, 2020, and want a plan that offers relatively broad coverage, you might want to consider it. However, while Plan D is the most similar to Plan C, it doesn’t cover the Part B deductible.
Which Mutual of Omaha Supplemental Insurance Plan Is Ideal for You?
Picking a suitable Mutual of Omaha Supplemental Insurance Plan can feel slightly overwhelming due to the many available options. But it doesn’t have to be! We’re here to help! Contact us today, and one of our Medicare experts will help you select suitable Mutual of Omaha supplemental plans based on your budget, preferences, and health needs.