Mutual of Omaha Medicare Supplement Plan G

Mutual of Omaha Medicare Supplement Plan G is one of the ten standardized plans that provide supplemental insurance coverage to help pay the 20% not paid by Original Medicare. These out-of-pocket costs usually include copays, coinsurance, and insurance premiums.

Medicare Supplement plans are called Medigap plans because their purpose is to fill in the gaps left when Original Medicare pays 80% of Medicare-approved hospital and medical expenses.

Medigap Part G has been increasing in popularity for the superior benefits it offers since January 1, 2020. Recipients also appreciate not having network requirements and being able to see any doctor in the United States who accepts Medicare assignments.

What does Mutual of Omaha Medicare Supplement Plan G Cover?

Covered benefits include:

• Part A Hospital coinsurance and deductible
• Inpatient hospital expenses up to 365 days after Original Medicare hospital benefits end
• Copays and coinsurance for Medicare Part A Hospice care
• Medicare Part B for outpatient visits and preventive care
• Medicare Part B copayments or coinsurance
• Medicare Part B excess charges
• First three pints of blood (if needed for medical procedure)
• Skilled Nursing Facility Care coinsurance
• Emergency Care for foreign travel – up to plan limits
• No network of providers – Can see any doctor in the U.S. who accepts Medicare

How Much is Does Medicare Supplement Plan G Cost Per Month?

How much the monthly premium costs is based on personal health details and place of residence.

For example, a 65-year-old female (non-smoker) who lives in Texas at zip code 77449 would pay a monthly premium of $108.06 for a Mutual of Omaha Part G Supplement policy.

How Much is the Deductible for Mutual of Omaha Medicare Supplement Plan G?

Mutual of Omaha does not charge an annual Part G deductible. The Medicare beneficiary would have to pay the Part B yearly deductible which is $203 in 2021.

How Much is the Rate Increase History for Mutual of Omaha Medicare Supplement Plan G?

Whichever insurance company you choose, there will be rate increases. Mutual of Omaha covers more Medicare beneficiaries than some smaller insurance companies, so it can accommodate more risk. They turn this advantage into lower healthcare insurance premium rate increases for their enrollees.

Rate increases for Mutual of Omaha Medicare Supplement Plan G range from 3% to 10%. By enrolling in a healthcare insurance plan with a 12-month rate lock during a Guaranteed Enrollment Period, you can protect yourself from rate increases during your initial year of coverage.

Is Medicare Supplement Plan G Better than Medicare Supplement Plan F?

Medicare Part F offers the most complete coverage of any standardized Medigap plan, covering every gap in Original Medicare insurance coverage including the Part B yearly deductible.

As of January 1, 2020, government regulations prevent Medigap plans from being sold to new enrollees from covering the Part B deductible. Those who were enrolled in a Plan F Medigap insurance policy prior to January 1, 2020, can keep the plan. Anyone who became eligible for Medicare before January 1, 2020 but has not yet enrolled may still be able to get Medicare Supplement Plan F.

For Medicare beneficiaries enrolling after January 1, 2020, Part G offers the most comprehensive insurance coverage. Everything is covered except the Part B deductible. Part G covers Medicare Part B Excess charges. It is currently the most popular Medicare Supplement insurance plan.

Medigap Plan N is similar to Medigap Part G in that it covers the Part B excess charges. It offers lower monthly premiums in exchange for $20.00 copays on doctor visits and a $50.00 copay on Emergency Room visits.

To find the best plan for your healthcare needs, call a Medicare agent and ask for quotes and insurance plan comparisons.

Who Has the Best Medicare Supplement Plan G?

All Medicare Supplement Plan G policies offer the same benefits regardless of what the company offers them. Insurance companies can set their own rates for plans and each has its unique level of commitment and quality.

Does Medicare Supplement Plan G cover Prescription Drugs?

Medicare Supplement Plan G does not cover prescription drugs. Medicare recipients with Original Medicare and a Medicare Supplement plan can purchase a stand-alone Part D prescription drug plan to help pay for prescription medications.

Does Medicare Supplement Plan G cover dental and vision care?

Medicare Supplement Plan G does not cover dental and vision care. Those who want a plan to cover these benefits can purchase a Mutual of Omaha Medicare Advantage plan that includes these benefits.

With a Medicare Advantage plan, you can choose between a Health Maintenance Organization (HMO) or a Preferred Provider Organization (PPO) insurance plan to take care of your healthcare needs.

Certain vision care discounts may be available from the company, so check with the Mutual of Omaha representative in your service area for more information.

Does Medicare Supplement Plan G cover hearing aids?

Medicare Supplement Part G does not cover hearing aids. If this benefit is needed, many Medicare Advantage insurance plans provide it. Be sure to speak to an agent who can help you choose a plan that offers hearing benefits.

The Mutual Of Omaha insurance company does offer some discounts for hearing care in select locations. Ask your Medicare Supplement representative for information on these discounts.

Does Mutual of Omaha Pay for Gym Memberships?

Because they care about the wellness and fitness needs of seniors, Mutual of Omaha created the Mutually Well Senior Wellness Program. This Medicare benefit is separate from the Mutual of Omaha Medigap Plan and must be joined separately.

In order to make it accessible to everyone, the cost is kept reasonable and affordable.

Which Medicare Supplement Company is Best?

One of the first insurance companies to begin selling Medicare Supplement plans after Medicare was signed into law in 1965 was Mutual of Omaha. Since 2018, A.M. Best has awarded Mutual of Omaha an A+ (Superior) rating.

Mutual of Omaha has been in the insurance business since 1909, offering long-term care insurance and disability income financial services in addition to Medigap plans. It currently offers Medigap healthcare insurance nationwide except for the State of Massachusetts. Plans F and G are available wherever Mutual of Omaha Medigap plans are sold.

Private insurance companies create and market the plans and oversee their administration. Mutual of Omaha is not affiliated with the United States Government as is Original Medicare.

Please note, that we are not a Mutual of Omaha insurance company. This is simply a review.
To learn more visit: mutualofomaha.com