While Medicare Supplement plans are something seniors apply for all the time, seniors don’t always know what they are singing up for. They may just be going by what is popular without taking enough time to look at what a given plan actually does for them. We want to make sure you don’t make that same mistake, so we are answering a question about the most popular Medicare Supplement- Plan G. A lot of seniors ask: “What does Mutual of Omaha Medicare Plan G cover?”
Mutual of Omaha is a popular insurance company for seniors because of its stellar reputation. It’s a company that has been around for a while and has managed to establish itself and always stand out as a premier senior insurance choice. The company offers the same Plan G as every other insurance company. There is nothing unique there, but it does have its own rates and member benefits. Those are the very reasons someone might choose Mutual of Omaha for their Plan G provider over someone else.
Mutual of Omaha Plan G Coverage
Whether you buy your Plan G from Mutual of Omaha or elsewhere, you always get the same coverage. That’s important for you to know, and you can take what we are telling you about Mutual of Omaha’s version of the plan and apply it to any other company and their version of the same plan.
With Plan G, you would be covered for most supplemental expenses. These are medical care costs that are not covered by the basic Medicare plan. Not everyone is going to have the same costs, though, so you still have to decide for yourself if these coverage items apply to you or if you need a different plan. We only focus on Plan G because it is so popular and it does save many seniors quite a bit of money.
Plan G covers you for the Medicare Part A deductible, which is an annual expense that most Medicare subscribers have to pay. It also covers the Part A copayment, which is a per-visit expense, as well as the Part B copayment.
The Part A coinsurance costs are covered as well, which relate to hospice care and provide you up to 365 more days of coverage for this service.
Blood usage is covered up to three pints every year as well, and if you need to be transported for emergency medical treatment, then that can be covered for up to 80% of the cost of each incident as well. On top of all that, the Medicare Part B excess charges are covered, as are skilled nursing care coinsurance costs.
This is Plan G’s coverage in a nutshell, and no insurance company can change that. They cannot decide they want to change your coverage just because they want to change their prices. The cost may change, but the coverage stays the same unless Medicare directly makes changes to it.
How Plan G Compares
You have far more options even with Mutual of Omaha than just Plan G. Once you know what Mutual of Omaha Medicare Plan G cover does, then you need to know what some other plans cover too. You can use that information to compare the plans and find the one that fits you best. You want a plan that covers all the expenses that you are currently having trouble paying or that are becoming very expensive for you. You also want to be able to afford the plan, so be careful about how much coverage you go for, especially if you could get the same healthcare for cheaper if you paid for some out of your own pockets.
You should compare it specifically to Plan F and Plan N. These two plans offer slightly more and slightly less coverage than Plan G, respectively. Most people find Plan F to offer too much coverage and to cost too much for them, while Plan N is considered an economical alternative to Plan G.
You should also compare Plan G across multiple insurance companies. If you decided that it is the right plan for you, you should be looking at the least expensive versions of the plan. You can save some money by comparing Mutual of Omaha’s Medicare Plan G to some other insurance companies. You may find one that costs less. Remember that no matter how much or how little it costs, the coverage stays the same. All the same medical expenses will still be covered.
How Much Coverage Do You Need?
Now that you know what this plan is capable of, you should determine if it is a good option for you. You do have some other choices, even among Medicare Supplements. Other insurance plans offer both more coverage and less. If Plan G is close to what you are looking for, but not quite there, then you should be looking into some other choices.
In order to determine whether Plan G is right for your situation, you need to examine what your needs are. Find out how much you pay every month and every year for medical care. Compare those costs to the cost of Plan G and see how much you are saving by choosing one option over the other. Keep in mind that it can be nice to have some extra coverage, even if you aren’t sure if you will need it. That additional coverage can give you peace of mind, so even if you don’t have to have everything that Plan G covers for you, it may be comforting to sign up for that level of coverage.
Hopefully, we answered your questions about what does Mutual of Omaha Medicare Plan G cover. You can find out more by looking at Medicare’s website and talking to your insurance agent about what options are available to you. If you are eligible for Medicare, then you should be able to get approval for Plan G whenever you apply.