Mutual of Omaha Medicare supplement premiums are some of the lowest

Mutual of Omaha has been offering Medicare supplement insurance nearly as long as Medicare has been around. Their large number of policy holders allows Mutual of Omaha to remain competitive in a crowded market. If you are shopping for a Medicare supplement insurance policy, comparing Mutual of Omaha Medicare supplemental insurance to other carriers may be worth your time.

Why you need a Medicare supplement
When Medicare was signed into law in 1965, it was not intended to be a comprehensive health plan. Medicare has some substantial gaps. Medigap, or Medicare supplemental insurance as it is known, fills the gaps left by Medicare.

If you have Medicare alone, you will be subject to some large out-of-pocket expenses, including:

Medicare Part A Hospital insurance

■$1100 deductible for inpatient hospital stays – days 1 -60
■$275 per day coinsurance days 61-90
■$550 per day coinsurance days 91-150
■$137.50 per day for skilled Nursing Facility Care days 21-100
■All expense for blood beyond first 3 pints
■5% coinsurance for inpatient respite care – Hospice benefit
■$5 for outpatient drugs during Hospice
Medicare Part B Medical Insurance

■$155 calendar year deductible
■20% of all covered outpatient charges
■All expense for blood beyond first 3 pints
■All Emergency care received outside the U.S.
Depending on the Medigap plan that you choose, these expenses will be nearly or completely eliminated. Mutual of Omaha offers several plan choices in each State where plans are available.

Depending on the State, plans will be offered by one of the Mutual of Omaha companies. Companies include:

■Mutual of Omaha Insurance Company
■United World Life Insurance Company
■United of Omaha Life Insurance Company
Choosing the right Mutual of Omaha Medicare supplement policy
The good thing about shopping for a Medigap policy, is all plans are standardized plans. For instance, if you are interested in Medicare Supplement Plan F, the benefits will be the same no matter which company your are interested in. For many people it comes down to the plan’s premium, the stability of the company, and the perceived level of customer service.

New plans were released in June 2010. These plans are referred to as Modernized Medicare supplement plans. One plan in particular, Medicare Supplement Plan N, has created quite a bit of interest. For a small amount out-of-pocket, Plan N has a much lower premium than some of the the other Medicare supplemental insurance plans.

Mutual of Omaha Medigap Plan N is likely to be of interest to members whose Medicare Advantage plan is not renewing for 2011. In many cases, Plan N has a lower monthly premium than many Advantage plans.

The easiest way to shop for a Mutual of Omaha Medicare supplement is to compare quotes online. Many agencies and brokers will list Medicare supplement quotes side by side so you can make an informed decision. You may find that a supplemental policy from Mutual of Omaha is what you have been looking for.
Call us at 1-800-247-9889 and let us help you with your options.