Mutual of Omaha Summary
Mutual of Omaha is a mutual company founded in 1909 in Omaha, Nebraska. It has been involved with the Medicare program from the very beginning, and is well known for providing Medicare Supplement insurance as well as a variety of other financial services.
Pros
- Competitive Rates
- Strong Reputation
- Good Customer Service
Considerations
- Lacking in online resources compared to competitors
- Fewer added benefits to membership
- Limited number of plans
Top 3 Supplement Companies
Overview
Affordability
One of the major benefits of shopping for your Medicare Supplement insurance plan through Mutual of Omaha is affordability. While they don’t offer the largest variety of Medigap plans, the ones they do provide are a great value, especially for those on a budget.
Customer Service
Mutual of Omaha has a great reputation for professional and courteous customer service, and its low rate of customer complaints is a testament to this. This company is very customer-focused and does a great job of making their clients feel well cared for.
Discounts
Mutual of Omaha offers direct discounts on monthly premiums to help reduce the cost of coverage, which can have a major impact on the overall cost of your Medicare Supplement insurance plan.
Customer-Focused
Mutual of Omaha, as the name suggests, is a mutual company that is owned collectively by its policyholders. This allows Mutual of Omaha to prioritize the benefit and protection of its clients and focus on working to make sure that customers can rest assured that they are in good hands.
Why Medicare Supplement Insurance?
Having Medicare Supplement Insurance (also called Medigap) in addition to Original Medicare benefits helps to protect you from unexpected costs, allowing you to receive the care you need without worry of financial burden. Because of the guaranteed coverage protection offered during the Open Enrollment Period, it's a great option for those with pre-existing conditions as well. Plus, it allows you to continue to receive the federal Medicare benefits you’ve been paying toward throughout your working years.
Key advantages of Medicare Supplement Insurance:
- Guaranteed renewability each year
As long as you pay your premium, your coverage will continue year after year and cannot be cancelled (except in specific cases, like providing inaccurate information on your application).
- Simple, straightforward plan options
Because they are federally standardized, it’s fairly straightforward to understand and compare your options when it comes to Medigap coverage.
- Nationwide network of doctors and specialists
Medicare Supplement enrollees can visit any doctor that accepts Medicare coverage. Doctors or hospitals that accept Medicare are required to accept all Medigap plans, regardless of insurance carrier.
- More flexibility with treatment options.
Some Medicare plans require you to choose a primary care physician, who has the final say on what providers you can see. Medigap plans allow you the flexibility to select any treatment option you prefer.
