
Mutual of Omaha
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Licensed insurance agencyNPN 14924332
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How do they set Medigap premiums?
Mutual of Omaha primarily uses the attained-age rating method for Medigap plans.
That means:
• Your premium is based on your current age, not the age you were when you enrolled.
• As you get older, your premium increases due to age-related step-ups.
• On top of that, you may see small annual adjustments due to inflation or rising healthcare costs.
Mutual of Omaha tends to apply moderate, predictable annual rate increases — typically 3–8% per year, depending on:
• Medical inflation and claim trends
• Regulatory environment in your state
• The size and stability of the risk pool
• Plan type (Plan G and N usually increase less than F)
Mutual of Omaha’s long-term success in Medigap comes from:
• Conservative underwriting — they avoid taking on too many high-risk applicants at once.
• Stable claims reserves — they maintain larger claim reserves than many competitors.
• Controlled growth — they don’t chase volume with unsustainably low pricing (a major reason they avoid sudden 15–20% hikes like some smaller carriers).