Medicare Supplement Plans – Overview

Mutual of Omaha Medicare Supplement Plans are highly popular in Illinois and usually have the lowest rates. They take an attained-age rating approach to pricing their Medicare supplements and have lower rates for non-tobacco users.

By law, Medicare Supplement insurance is standardized into twelve plans (Plans A through L). That means Plan F from one company must include the same benefits as plan F from another company. While the benefits must be the same, each company’s rates, reputation, membership features and quality of service can vary. With Mutual of Omaha, you don’t have to sacrifice comprehensive benefits or freedom-of-choice for affordability. Their Medicare Supplement plans provide substantial benefits at rates that can save you money over other plans.

In Illinois, Mutual of Omaha currently offers 4 Medicare Supplements:

• Plan A
• Plan F
• Plan G
• Plan N

Plan G is by far the most popular Medicare Supplement plan.

Plan G …  The only difference between plan F and Plan G is; Plan G does not pay for the Part B annual deductible of $240.  Part B coinsurance of 20% after the deductible is payed in full, and the Part A Benefit Period deductible of $1,686 and coinsurance is covered.  Keep in mind, when comparing Plans F and G, if the monthly premium savings is more than $240 per year for plan G, it’s a better value.

Mutual of Omaha Member Benefits

All Mutual of Omaha Medicare Supplement plans give you:

• Guaranteed Acceptance with no health questions asked during intial enrollment period
• Freedom to choose any doctors or specialists
• Coverage with domestic travel (Plan F and Plan G cover foreign travel)
• Guaranteed renewability regardless of changes in your health
• Coverage guaranteed to match Medicare’s cost increases year after year
• No claim forms, in most cases
• Vision Discount Plan included in every plan at no cost.

Plan N – a less known plan that has great value

Another popular option is plan N, which provides a unique mix of comprehensive benefits coupled with an excellent monthly premium. Plan N is a little different than F and G in that Plan N does not cover the Medicare Part B deductible, or the Part B Excess Charges. To learn more about Excess Charges please click here (Click Here). Also with Plan N, when you see a doctor for an outpatient visit you will be responsible for a $20 Co-pay.

Mutual of Omaha was founded in 1909

Mutual of Omaha has been one of the nations most trusted and recognized insurance companies for the past 100 years. Mutual of Omaha is a Fortune 1000 insurance and financial services company based in Omaha, Nebraska. The company’s name is synonymous with the wildlife television program, Mutual of Omaha’s Wild Kingdom, which ran from the 1960’s through the 1980’s.

Mutual of Omaha is rated “A+” (Superior) by A.M. Best Company, and independent insurance rating organization.

What Medicare Doesn’t Cover

Medicare does not cover all health care costs. Medicare coverage consists of Part A (which covers hospital and skilled nursing facility care), and Part B (which covers doctor bills and other medical expenses).

Even with Medicare Part A and Part B coverage, you’re responsible for some out-of-pocket expenses including:

• Part A hospital deductible ($1,686)
• Part B deductible ($240)
• Copayments for hospital stays over 60 days
• Care in a skilled nursing facility after 20 days
• Twenty percent coinsurance for doctor bills and other medical expenses

Medicare Supplement Basic Benefits

Basic benefits included in all Medicare Supplement plans include:

• Hospitalization – Part A coinsurance plus coverage for 365 additional days after Medicare benefits end.
• Medical Expenses – Part B coinsurance (generally 20% of Medicare-approved expenses), or in the case of hospital outpatient department services under a prospective payment system, applicable copayments.
• Blood – First three pints of blood each year.

Mutual of Omaha Medicare Supplement Plans Comparison

For a more detailed description of the plan benefits and rates, view the Mutual of Omaha Medicare Supplement descriptions.

Medicare Supplement Plans & Rates

Mutual of Omaha Medicare Supplement Plans – Comparison

Plan F

Our Rating:

Plan F is the most popular Mutual of Omaha Medicare Supplement plan. No other standardized Medicare Supplement plan offered in Illinois offers more complete protection for your uncovered Part B medical expenses than Plan F. It covers:

• Your Part A deductible and coinsurance
• The cost of 365 extra days of hospital care during your lifetime after Medicare coverage ends
• Your Part B coinsurance and the cost of the first three pints of blood
• Medicare Part A hospital deductible and copayments
• Skilled nursing facility copayment
• Foreign travel emergency care
• $240 Part B Medicare deductible
• Part B doctor charges that are in excess of Medicare-approved amounts

Plan G

Our Rating:

Plan G covers:

• Your $1,686 Part A deductible and coinsurance
• The cost of 365 extra days of hospital care during your lifetime after Medicare coverage ends
• Your Part B coinsurance and the cost of the first three pints of blood
• 80% of Part B physician charges that are in excess of the Medicare-approved amount (By law no physician may charge more than 115% of Medicare-approved amounts).
• Skilled nursing facility copayment
• Emergency care for foreign travel

Plan G does NOT cover:

• Your $240 Medicare Part B deductible

Plan N

Our Rating:

Plan N is identical to Plan G except there is a $20 copay for office visits and a $50 copay for emergency room visits. Like Plan G, Plan N does not cover the $240 Medicare Part B deductible.

Plan N covers:

• Your $1,686 Part A deductible and coinsurance
• The cost of 365 extra days of hospital care during your lifetime after Medicare coverage ends
• Your Part B coinsurance and the cost of the first three pints of blood
• 80% of Part B physician charges that are in excess of the Medicare-approved amount (By law no physician may charge more than 115% of Medicare-approved amounts).
• Skilled nursing facility copayment
• Emergency care for foreign travel

Plan N does NOT cover:

• Your $240 Medicare Part B deductible

Basic Plan A

Our Rating:

Plan A is the most basic and least expensive Medicare Supplement plan. By federal law, every insurance company must offer Plan A.

Basic Plan A covers:

• Your Part A coinsurance
• The cost of 365 extra days of hospital care during your lifetime after Medicare coverage ends
• Your Part B coinsurance and the cost of the first three pints of blood

Medicare Supplement Plan Rates

Plan A Rates

Plan F Rates

Plan G Rates