Through supplementary medical insurance, your medical bills can be cut, and you can have more control over what expenses you have to pay each month and each year. We want to show you what Mutual of Omaha Medicare Supplement Plan G 2019 has to offer you and why it might be a good choice in your situation.
We can’t say for sure what the best medical insurance plan is for you. Only you can determine that by looking at your medical needs and your finances. But we can show what this plan covers and explain how you can sign up for it and how it compares to other insurance plans. Hopefully, that will help you to make an informed choice about what plan to go with.
Mutual of Omaha’s Plan G
Now, it needs to be said that buying this plan through Mutual of Omaha does not give you any exclusive coverage. You won’t have medical expenses covered through Mutual of Omaha and Plan G that you would not see covered by another insurance company selling the same plan. That’s because it is up to Medicare to decide what the Supplement plans will cover. Medicare has created these plans and it decides when they change and how they change. Mutual of Omaha and other insurance companies are only responsible for selling the plans. They cannot make any changes to them.
However, they can determine what the prices will be for Plan G and other Supplement plans. So, you will see Mutual of Omaha selling Plan G as a different price than a lot of other insurance companies charge for the same plan. They are all selling the plans with identical coverage, but the prices will vary, as will member services have provided by the insurance company.
The best reason to pick Mutual of Omaha, though, may not be its rates. Those tend to be on par with most of the insurance industry- not too high and not too low, but it is their customer service that really sticks out. Over the years, Mutual of Omaha has developed a reputation as a company that cares about its customers and that puts their needs first. That’s why a lot of seniors will gravitate toward this insurance provider.
Coverage under Plan G
Now, let’s get into what Plan G is able to do for you. Remember that the coverage we discuss here applies to any insurance company’s Plan G.
Plan G is what is known as a high coverage plan. That means it covers most of the supplementary medical expenses. It won’t cover all of them, unfortunately, as only Plan F will do that for you, but it does cover the vast majority of expenses that fall under the umbrella of supplementary.
Skeptically, that would be the Part A copayments, which you pay for each visit to the doctor for Part A services and that Part A deductible, which is paid once a year. It can also cover you for the Part B copayment and the Part B excess charges. Those excess charges are something that you need to pay only if you go to a doctor for Part B services and that doctor does not completely accept Medicare coverage.
Foreign travel exchange is also covered, which takes care of a lot the cost of being taken to medical facility that is outside the United States’ borders.
Blood use is able to be covered as well under Plan G. You may need to use more blood through the year than the basic Medicare plan can provide for you and the coverage Plan G gives you can take care of that.
Nursing care coinsurance costs are covered as well. This takes care of the cost of receiving skilled nursing care completely, as the basic Medicare plan covers the rest for you.
How Plan G Works with Your Other Medical Insurance
Plan G will take care of a lot of medical expenses for you, as we just covered. If you sign up for Mutual of Omaha Medicare Supplement Plan G 2019, then you are covered for so many different medical expenses that you may not need to pay for much out of your own pockets anymore. However, you need to have the basic Medicare plan as well for you to be signed up for the supplementary plan. No Supplement plan works without the basic Medicare plan. That’s just how the supplementary plans are set up.
They may not work with other insurance plans, though. For instance, the Medicare Part C plan, which covers you for some of the same things as Plan G, is incompatible with your Plan G coverage. You cannot have overlapping coverage. That means your employer medical plan or union medical plan may not be compatible either.
Medicare Part D, which takes car of a lot of prescription drug costs, is compatible with Plan G and other Supplement plans. Be sure to look at your current coverage and the coverage you want to have before you sign up for any plan. You need to know if you are going have to drop one of your plans in order to make Plan G work.
How Plan G Compares
Before you sign up for a Medicare Plan G coverage plan, you need to see how it compares to some of the other options. You may find a different plan that is a better deal for you.
We already covered how Plan G takes care of most supplementary expenses, but Plan F covers them all. That means it covers all the stuff we listed above, but it also covers you for the Medicare Part B deductible. Now, this isn’t a major expense, and it is something you would only have to pay once each year, and it costs $183. You should compare the cost of that item to the cost of Plan F and see of it makes sense to you to pay the difference in plan rates for that one item of coverage. That is all Plan F has to offer you over Plan G.
Now, if you go with Plan N, you get coverage that is similar, but slightly different. It covers less than Plan G, asking you to pay that same decibel for Medicare Part B, as well as the Medicare Part B excess charges and copayments of $20 and $50 for some of your visits to the hospital. What all of these items are is insignificant for most people. the majority of seniors do not need to worry about the Part B excess charges, and the copayments are so small as to be inconsequential when compared to the price different between supplementary plans.
You want to look at these and other options to see how Plan G stacks up before you decide on a plan. It is in your best interests to look at as many plans as you can and see how they compare. That way, you know for sure that you are getting the most suitable coverage.
You should also be comparing Plan G from Mutual of Omaha to other insurance companies’ Plan G. You may find that other companies are selling it for less than Mutual of Omaha is, and that price difference could be important to you.
We want to help you be informed and to make the smartest decision you can about the right plan for you. Hopefully, you know now whether Mutual of Omaha Medicare Supplement Plan G 2019 is a good choice for you or not. If you aren’t sure, then take your time, but be sure you sign up for whatever plan you want in time for it to take effect when you need it to. Enrollment periods vary based on the kind coverage plan you are getting, and the plan will go into effect on the first day of 2019.