Well, the Medicare open enrollment period for 2022 is rapidly approaching!
With as crazy as a year as 2021 was, we still have to consider the changes that can be made during this time and not miss out.
A large number of people are already calling in who want to get off their Medicare Advantage plan and come back to Original Medicare and onto a Plan G supplement.
Click below to learn more!
Specifically, a lot of people are asking me about Mutual of Omaha Plan G, and what the rates are going to be, what the coverage is, and if that’s a good fit for them.
Well, today I’m going to cover the benefits of a Mutual of Omaha Plan G, and is it right for you?
Now, Mutual of Omaha is a lot like most of the other companies out there that offer Medicare supplement plans.
And they actually have four different names for their company. It just depends on what state you’re in as to which division you’ll end up with.
Mutual of Omaha Companies
Keep in mind though, these companies are all within the Mutual of Omaha umbrella.
But just to make you aware, you might see some different names, and just so you know that it is in fact the same company.
Some of the other names that they provide Medicare Supplement Insurance are:
- United World
- United of Omaha
- Omaha Insurance Company
- Mutual of Omaha.
My name is Russell Noga, and I’m the founder of Medisupps.com.
We’re an online insurance agency for senior healthcare, helping people find the best Medicare Supplement Insurance for the lowest premiums now and for years to come, especially when you get a rate increase.
And believe me, you will get the rate increases. In fact, it doesn’t matter if it’s Mutual of Omaha, Aetna, Cigna, or any company.
They’re all going to send you that letter 12 months later, after you sign up that says, “Hello, we love you, by the way, your rate’s going up a certain percentage!”
And that’s where we come in.
We’re independent brokers, which means we shop for all the top companies to make sure you’re with the lowest premium every year.
Now, a Mutual of Omaha Medicare Supplement is not an exception to this rule, they will send you a rate increase on your anniversary each year.
However, they may be the best option to start with, or perhaps for a couple of years even after that.
You may in fact keep the same company for years as they will still have the lowest premiums, but we make sure and check every year for you.
Mutual of Omaha carries the same popular Medigap plans that you’ll see with other companies.
And Going into 2022, the Medicare Supplement Plans aren’t changing in benefits.
It’s not like in 2020, where they took Plan F and made it no longer available for people turning 65 or new to Medicare on January 1st of 2020. There are no changes like that taking place for 2022.
So the most popular plans for you folks turning 65 are most definitely going to be a Mutual of Omaha Plan G or their Plan N.
But in this article, I’m going to be focusing on Plan G and what it does offer.
And Plan G from Mutual of Omaha is no different than other companies.
One thing I like to mention to everybody is every single carrier has the exact same coverage, but they all charge different rates for it.
And that’s why we do what we do. Because you can find one company that might be $100 a month, and another company could charge over $200 a month for the same Plan G.
Something to keep in mind is, If you go direct to a carrier you’re going to get one rate, it’s going to be theirs.
And you could say to that carrier when you’re on the phone, “By the way, could you tell me the rates of everybody else?”
And they’re going to say, “I’m sorry no, we cannot.”
They don’t. But WE do!
Mutual of Omaha Medicare Supplement Plan G
So now, let’s talk about some of the Mutual of Omaha Medicare Supplement Plan G benefits.
Well, as I mentioned, they all have the same coverage, which means every company has the same Plan G.
The government has standardized these plans, which means that they keep the benefits the same of each plan letter, regardless of who offers it.
But let’s dive into Plan G and let’s see why it is in fact the most popular plan.
With Mutual of Omaha Plan G, you pay a monthly premium just like you do to have any other Medicare Supplement Plan.
Medicare – The Basics
On Medicare, you’ll have two main parts that make up original Medicare, which are Part A and Part B.
- Medicare Part A = Hospitalization
- Medicare Part B = Doctor’s Services
These parts have what is called “gaps” in them, which are expenses that you’re required to pay.
That’s where the term Medigap comes from. A Medigap policy helps pay those expenses in both Medicare Part A and B.
So a Mutual of Omaha Medigap Plan G helps pay almost all of your medical bills of Part A and Part B.
In fact, on a Plan G, there’s only one gap or expense that you’re required to pay beyond your monthly premium. That gap is the annual Part B deductible each year.
This deductible has nothing to do with Plan G, and it certainly has nothing to do with Mutual of Omaha. They are not the ones collecting the money from the deductible.
This is simply a Medicare deductible. See, prior to Medicare paying 80% of your medical bills, somebody has to pay the Part B deductible.
We’re in the year 2021, and that deductible is $203.
That’s going to go up in 2022 as It goes up every year. We don’t know the exact amount yet as Medicare waits until the end of the year to release this information.
But I would estimate about $210. But we’ll see. It’s been a crazy year like I mentioned.
However, let’s talk about 2022 and Plan G to give you a good example.
Medicare Part B Deductible – Your Only Expense
We know that on Plan G, you’re required to just pay the Medicare annual Part B deductible.
That’s your only expense beyond your monthly premium.
After that, your Mutual of Omaha Plan G is going to pick up the difference of Part A and Part B and anything else owed on every medical bill 100%, up to no limit for the rest of the year.
I’ll clarify that a little bit because it is for the rest of the year because that deductible is only once per year.
Once you pay it, you’re done for that calendar year.
This is in fact what’s called a calendar year deductible, which means if you start your coverage in June and you pay it you’re good for the rest of the year,
However, on January 1 of the following year the Medicare annual Part B deductible resets again.
This deductible is based on a calendar year, not the anniversary of your policy.
Once it’s paid for that year, Plan G and Medicare will pick up 100% of all your Medicare-approved expenses.
So Plan G is in fact, the most popular plan as well as the most comprehensive plan with the most benefits offered by Medicare.
Medicare Supplement Plan G Cost
So you’re probably saying, “Russell, sounds great. How much does this cost?”
Well, the cost of this plan depends on a number of factors.
- Tobacco use
All of these things come into play when determining the rates.
The easiest way to view accurate rates for yourself is to click below to view quotes now.
Mutual of Omaha Medicare Supplement Rates
Rates are different in every state, can you imagine, because certain states and areas have higher risks.
So the insurance carriers price those a little higher and all the premiums are entirely different.
And aside from those factors, they’re also all different depending on the company you choose.
So Mutual of Omaha Plan G might not be your best option where you live, but we can figure that out pretty quickly for you.
And we do that not just at the start of your policy, but for years to come when you get rate increases.
We’ve been helping people for over a decade with their Medicare supplement insurance.
And we’d love to help you as well. Whether it’s a Mutual of Omaha Plan G or some other company, we’ll help you find the best option.
Click Below to Enroll in Mutual of Omaha Plan G Now!