by Russell Noga | Updated October 6, 2026
Healthcare costs in retirement can make anyone worry about their financial future, especially in a country with some of the highest healthcare costs in the world.
Medicare Parts A & B help, and most Americans enroll in Medicare Parts A & B at 65.
But Original Medicare does not cover everything. You still face deductibles, hospital coinsurance, and 20% of most Part B costs, with no annual limit.
A Medicare Supplement plan, also called Medigap, helps cover these costs. Medigap comes in ten standardized plans: A, B, C, D, F, G, K, L, M and N, each with a different level of coverage.
Medigap policies are sold by private insurance companies across the United States.
This review covers Physicians Mutual’s Medicare Supplement plans for 2027, including its unique Innovative Plan G, coverage, and premiums.
New for 2027
See the new 2027 deductibles, every plan compared and Plan G vs Plan N in our guide to Medicare Supplement Plans 2027.
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Physicians Mutual Medicare Supplement Plans at a Glance
Physicians Mutual offers a focused lineup of Medigap plans, which varies by state: Plan A, Plan G, Plan N, and Plan F for people eligible for Medicare before 2020, with high-deductible and “Innovative” versions of Plans G and F in some states.
Its standout product is Innovative Plan G. You get a lower premium for life in exchange for a plan deductible during only the first three calendar years of your policy. After that the deductible goes away and your premium savings continue.
Physicians Mutual also lets new customers switch to another plan once in the first two years with no health questions, and offers a household discount in many states. Physicians Mutual does not sell Medigap in every state, so check availability at your ZIP code.
Who Is Physicians Mutual?
Founded in 1902 and headquartered in Omaha, Nebraska, Physicians Mutual is a long-established insurer. Its Medicare Supplement plans are issued by members of the Physicians Mutual family, including Physicians Life Insurance Company and Physicians Select Insurance Company, depending on your state. Physicians Mutual received a patent for its Innovative Medicare Supplement plan design in 2013.
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Physicians Mutual Medicare Supplement Plans – Benefits & Coverage
Physicians Mutual offers a focused set of Medigap plans, with some unique options. Depending on your state, you may see Plan A, Plan G (standard, high-deductible and Innovative), Plan N, and Plan F (standard, high-deductible and Innovative) if you were eligible for Medicare before 2020.
Physicians Mutual Innovative Plan G
Innovative Plan G is standard Plan G plus an Innovative discount rider. You pay a lower premium for life, and in return you pay a plan deductible (quoted at $2,800 per year) during only the first three calendar years of your policy. That deductible includes the Medicare Part A and Part B deductibles.
After three calendar years the plan deductible goes away for good. From then on your coverage works like standard Plan G (you still pay the Part B deductible) and your lower premium continues. Physicians Mutual says most customers never reach the full deductible in a given year. If you drop the rider before year three, your premium becomes the standard Plan G premium.
Physicians Mutual Plan G
The standard Plan G is the most comprehensive plan for people who became eligible for Medicare on or after January 1, 2020. The only gap is the Medicare Part B deductible ($283 in 2026). Physicians Mutual also offers high-deductible Plan G in some states, with a $2,950 deductible in 2026.
Physicians Mutual Plan F and Innovative Plan F
Standard Plan F covers both the Part A and Part B deductibles, so your only cost for Medicare-approved care is your premium. Innovative Plan F works like Innovative Plan G, with a lower premium in exchange for a plan deductible during the first three calendar years.
All Plan F options are only available to people who were eligible for Medicare before January 1, 2020. If you became eligible after that date, choose one of the Plan G options.
Physicians Mutual Plan N
Plan N is popular for its solid coverage and lower premium. The trade-off is copays of up to $20 for some office visits and up to $50 for ER visits, which is waived if you are admitted.
Plans F, G and N from Physicians Mutual all include:
- Part A coinsurance and hospital costs for up to 365 extra days after Medicare benefits are used up
- Part A hospice care coinsurance or copayment
- Part B coinsurance or copayment (Plan N has small copays)
- The first three pints of blood
- The Part A deductible
- Part B excess charges (not covered by Plan N)
- Skilled nursing facility coinsurance
- 80% of emergency care during the first 60 days of a trip outside the U.S. ($250 deductible and $50,000 lifetime maximum)
What Physicians Mutual Medicare Supplement Plans Don't Cover
Physicians Mutual’s Medigap plans cover your share of Medicare-approved costs, but like all Medigap plans they do not cover prescription drugs or routine vision, hearing and dental care.
They also do not cover long-term custodial care in a nursing home or private-duty nursing. Plans A, G and N do not cover the Part B deductible. Plan N does not cover Part B excess charges, which some doctors bill above the Medicare-approved amount when they do not accept Medicare assignment.
Physicians Mutual Medicare Supplement Plans – Premiums
Physicians Mutual’s premiums depend on your age, gender, tobacco use and ZIP code, and they vary by state. Here are example premiums from an earlier rate check for a 65-year-old female nonsmoker. Your rate may differ, so get a current quote.
Physicians Mutual Medicare Supplement Plans – Ratings & Reviews
Physicians Mutual is a long-established company with a solid reputation. As with any insurer, check its current financial strength ratings and rate increase history before you buy. We review both when we compare companies for you.
Physicians Mutual Medicare Supplement Plans in 2027
Medigap benefits are set by federal law, so Physicians Mutual’s plans cover the same things in 2027 as today. What can change are premiums and the Medicare deductibles, which Medicare announces later in the fall. See our Physicians Mutual Medicare Supplement guide and our overview of Medicare Supplement Plans 2027.
Losing your Medicare Advantage plan for 2027? If your plan is leaving Medicare or stops serving your area, you generally have a guaranteed issue right to buy certain Medigap plans without medical underwriting. The right generally ends 63 days after your Medicare Advantage coverage ends.
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Frequently Asked Questions
What is Physicians Mutual Innovative Plan G?
Innovative Plan G is standard Plan G with a discount rider. You pay a lower premium for life in exchange for a plan deductible during only the first three calendar years of your policy. After that, the deductible goes away and your coverage works like standard Plan G with the lower premium.
Who is eligible to enroll in Physicians Mutual Medicare Supplement plans?
You must be enrolled in Medicare Part A and Part B and live in a state where Physicians Mutual sells Medigap. Most buyers are 65 or older. Rules for people under 65 vary by state.
What is the difference between Physicians Mutual Plan G and Plan N?
Plan G covers the Part A deductible, Part B excess charges and skilled nursing coinsurance, with no copays. Plan N offers similar coverage for a lower premium, but with copays of up to $20 for some office visits and up to $50 for ER visits, and no coverage for excess charges.
Can I switch plans after buying from Physicians Mutual?
Physicians Mutual lets first-time customers switch to another of its plans once in the first two years with no health questions. That gives you a chance to adjust your coverage if your needs change.
Do Physicians Mutual Medicare Supplement plans cover prescription drugs?
No. No Medigap plan covers prescription drugs. You will need a separate Medicare Part D plan. Physicians Mutual’s Innovative Plan G includes some preventive benefits, and the company sells separate dental coverage.
How can I enroll in Physicians Mutual Medicare Supplement plans?
Call us at 1-888-891-0229. We will compare Physicians Mutual with other top companies in your ZIP code, help you choose between standard and Innovative Plan G, and handle the application with you at no cost.
Can I keep my current doctors with Physicians Mutual Medicare Supplement plans?
Yes. Physicians Mutual’s Medigap plans work with any provider in the U.S. that accepts Medicare. There is no network. Ask whether your doctor accepts Medicare assignment to avoid excess charges.
Are there discounts available for Physicians Mutual Medicare Supplement plans?
Physicians Mutual offers a household discount in many states when another adult in your household also has a Medigap policy with the Physicians Mutual family. Innovative Plan G is itself a way to lower your premium for life.
Where can I get more information about Physicians Mutual Medicare Supplement plans?
Talk with a licensed insurance agent. Call us at 1-888-891-0229 for current Physicians Mutual rates side by side with other top companies.
Reach Out for Free Advice and Quotes on Physicians Mutual Medicare Supplement Plans
Our licensed Medigap agents are available at 1-888-891-0229. Call for a free consultation and quote on any Physicians Mutual Medigap plan.
We will find you the best rate in your state and explain the benefits available to you. You can also use the free quote tool on our site, or leave your details on our contact form and an agent will call you back.
Russell Noga is the CEO and Medicare editor of Medisupps.com. His 15 years of experience in the Medicare insurance market includes being a licensed Medicare insurance broker in all 50 states. He is frequently featured as a featured as a keynote Medicare event speaker, has authored hundreds of Medicare content pages, and hosts the very popular Medisupps.com Medicare Youtube channel. His expertise includes Medicare, Medigap insurance, Medicare Advantage plans, and Medicare Part D.