With Mutual of Omaha, Medicare subscribers know that they are getting a policy for medical coverage from a company that is stable and trustworthy. This insurance company has been in the business for decades now and has established itself as one of the more reliable insurance providers. For the coming year, many of their subscribers will be looking into Mutual of Omaha Medicare Supplement Plans for 2016 to help pay for deductibles and coinsurance of Part A and B Medicare.
Founded over 100 years ago in Omaha, Nebraska, Mutual of Omaha is rated an A+ superior company with A.M. Best. They maintain affiliate names under the company such as United World, United of Omaha, and most recently Omaha Insurance company.
The Supplement Plans
These plans provide more coverage to people who already have Medicare. They were designed to help these people pay for most or all of the gaps of Medicare Part A and Part B. And while Medicare regulates supplemental plans to its insurance coverage, those individual supplements are handled and offered by insurance companies such as Mutual of Omaha.
Mutual of Omaha Medicare Supplement Plan F
Some of the plans are far more popular than others. For Mutual of Omaha subscribers, the most popular supplemental Medicare plan is Plan F. People like this plan because it offers them peace of mind and makes paying their medical bills a simple process. It actually covers all the supplemental charges not covered by basic Medicare.
What exactly do those include?
- Skilled nursing facility care up to 100 days
- Emergency travel benefit for medical care F
- Full coverage for co-payments, deductibles, coinsurance, Part B excess charges, as well as additional blood
Now there are also plans that don’t cover quite as much for people who would not benefit from all that coverage or for whom Plan F is too costly. Plan G fits that niche nicely, offering almost identical coverage to Plan F without quite going all the way. It covers all the same items as Plan F, but it leaves off coverage for Medicare Part B’s deductible.
This annual deductible amount has been $147 for 2014 and 2015, paid once per calendar year. Plan F pays this for you, but in reality you just pay higher premiums for the plan to pay it. With Plan G you most often can save money by paying the deductible yourself because the monthly premiums are lower.
Get Quotes from Multiple Carriers
Again on Plan G that’s the only difference vs. Plan F. So choose wisely and be sure to get quotes from multiple carriers for both plans to see how much you can save. Remember ever carrier has the exact same Plan F or G but their premiums vary widely.
If you would like a different high-coverage plan such as Plan N, then you will have to find it elsewhere, as it is not a plan that Mutual of Omaha offers at this time. There are other plans on offer as well, but the ones listed above are the most subscribed to and the only ones that are considered to be high-coverage plans.
If you have an existing supplement plan and you’re looking for a better rate then remember you do not need to wait until October to change. Medicare supplements can be changed any time during the year, although in most states you will have to go through medical underwriting to do so. All companies have different underwriting guidelines so check with us to see who you can qualify with to save money.
Benefits for plans don’t change often, and for now they are set to remain the same, at least through 2016. So be sure to check to see if Mutual of Omaha Medicare Supplement Plans for 2016 can save you money.