Mutual of Omaha Medicare Supplement Review
Mutual of Omaha is one of the strongest Medicare Supplement companies we quote — but it isn't automatically the cheapest, and it isn't the right pick for everyone.
After helping Medicare clients compare Medigap plans for many years, here's what I'd want you to know before you buy one of its policies.
Mutual of Omaha is worth considering when you compare Medicare Supplement companies.
It stands out most for High Deductible Plan G and for applicants who qualify for its household discount.
On standard Plan G, it wins some ZIP codes and loses others — so compare it side by side with at least two or three other carriers before deciding.
- Financial strength
- A+ (Superior) from AM Best for Mutual of Omaha Insurance Company and several subsidiaries, affirmed April 2026
- Common plans
- A, F, G, N, and High Deductible G (varies by state)
- Household discount
- Available in most states; amount and rules vary
Mutual of Omaha Medigap Pros and Cons
Advantages
- Long Medigap track record: AM Best identifies Medicare Supplement as its largest product by share of revenue.
- Household discount: Among the more generous in the market where it's offered.
- High Deductible G: Widely available and often very competitive.
- Strong financial ratings: A+ (Superior) from AM Best for its main rated insurance companies.
Drawbacks
- Premiums rise over time: Increases vary by state, policy form, and age.
- Several issuing companies: Your policy may come from an affiliate, not "Mutual of Omaha" itself.
- Not always cheapest on Plan G: Other carriers beat it in some markets.
- Extras are modest: Discount programs don't replace real dental, vision, or hearing coverage.
Notice what's missing from both lists: coverage quality.
Medigap benefits are standardized, so a Mutual of Omaha Plan G pays exactly the same claims as any other company's Plan G. The real differences are price, discounts, and how premiums behave over time.
Our Experience With Mutual of Omaha Medicare Supplements
We quote Mutual of Omaha alongside other carriers every day. A few patterns show up consistently.
What I See Most Often
- When a client asks about High Deductible Plan G, Mutual of Omaha is one of the first companies I check.
- On standard Plan G, it's no longer the automatic low-price leader. I always run it against HealthSpring (formerly Cigna) and Humana before recommending it on price.
- The household discount flips more comparisons than people expect. A carrier that's $15 higher before discounts can end up lower after one.
One Thing I'd Watch
Depending on your state, your Medigap policy may be issued by Mutual of Omaha Insurance Company or by an affiliate such as Omaha Insurance Company or United World Life.
Which one issues your policy can affect the discount you get and which group of policyholders your future rate increases are tied to.
It also matters for financial ratings. AM Best's April 2026 affirmation named Mutual of Omaha Insurance Company, United of Omaha Life, Companion Life, and United World Life — not every affiliate in the group.
Before you sign, ask which company is named on the application. It's a simple question most people never think to ask.
We've also noticed the High Deductible G conversation has changed.
Five or six years ago, I rarely suggested it. With standard Plan G premiums increasing in many markets, I now compare it much more often.
Even after accounting for its higher potential out-of-pocket costs, it can be a worthwhile alternative for people comfortable taking on more financial risk.
Mutual of Omaha Medicare Supplement Plans Offered
Mutual of Omaha doesn't sell every standardized plan letter. These are the ones you're most likely to see, though availability varies by state and issuing company.
| Plan | Main consideration |
|---|---|
| Plan G | Broad coverage except the annual Part B deductible |
| Plan N | Often lower premiums; small copays and no excess-charge coverage |
| High Deductible G | Much lower premiums in exchange for a high annual deductible ($2,950 in 2026) |
| Plan F | Covers the Part B deductible; only for people eligible for Medicare before 2020 |
| Plan A | Basic standardized benefits with more coverage gaps |
For most of our new-to-Medicare clients, the real decision is between Plan G, Plan N, and High Deductible G.
If you're weighing those three, our Plan G vs. Plan N vs. High Deductible G comparison walks through the math.
What Mutual of Omaha Medigap Costs
Here's how Mutual of Omaha compared with a competitor in four sample quotes from our quoting system. Each profile is a non-tobacco female applicant.
| Location / age | MoO Plan G | Competitor Plan G | MoO High Deductible G | Competitor HDG |
|---|---|---|---|---|
| Addison, TX · 65 | $173 | $226 (Aetna) | $45 | Not offered |
| Atlanta, GA · 67 | $235 | $172 (HealthSpring) | $64 | $58 |
| San Diego, CA · 70 | $300 | $384 (Humana) | $69 | $99 |
| Chicago, IL · 75 | $250 | $274 (Aflac) | $68 | Not offered |
Monthly premiums, rates quoted October 2026. All quotes shown are before household discounts for both carriers. These examples apply only to the profiles shown. Your rate depends on ZIP code, age, sex, tobacco use, discounts, and underwriting.
Mutual of Omaha came in lower in three of the four Plan G examples — and $63 a month higher in Atlanta.
That's the honest picture: competitive often, but not everywhere. Four quotes can't tell you who's cheapest in your ZIP code.
The High Deductible G column is the bigger story. At $45 to $69 a month, it's a fraction of the Plan G premiums above, which is why we compare it for nearly every price-sensitive client.
Mutual of Omaha's Household Discount
This is one of the company's most meaningful advantages — and one of the most misunderstood.
| What to know | Details |
|---|---|
| Amount | Usually somewhere between 7% and 12%, depending on state and issuing company |
| Who qualifies | Often anyone living with a spouse, partner, or another adult — rules differ by state |
| Extra requirement | In some states, the other household member must also have or apply for a Mutual of Omaha Medigap policy |
| Availability | Most states, but not all |
The dollars add up. On a $200 monthly Plan G premium, a 12% discount saves $24 a month, or $288 a year.
Just remember that other carriers have their own household discounts. The fair comparison is discounted price against discounted price.
Financial Strength and Future Rate Increases
In April 2026, AM Best affirmed its A+ (Superior) financial strength rating for Mutual of Omaha Insurance Company and its subsidiaries United of Omaha Life, Companion Life, and United World Life.
The organization also converted to a mutual holding company structure on April 1, 2026.
If your policy is issued by a different affiliate, look up that company's rating specifically.
Financial strength tells you the company can pay claims. It doesn't tell you what your premium will look like in five or ten years.
How I Evaluate Rate Increases
A low starting premium doesn't guarantee a low premium later. Every Medigap carrier raises rates, and increases vary by state and policy form.
When I compare carriers for a client, I look at recent rate history in that state, not just today's quote.
I also check how the policy is rated. In attained-age states, premiums rise as you get older on top of any classwide increases.
For a deeper look at why premiums climb, see our guides to Medigap rate increases and closed blocks of business.
Extras (and What They Aren't)
Mutual of Omaha's Medigap policies come with a few add-ons. They're nice to have, but I wouldn't choose a carrier because of them.
- Mutually Well: A fitness and wellness program with gym access, but it costs $29.99 a month and isn't available in New York. It is not free, and it is not SilverSneakers (more on that here).
- Vision and hearing discounts: Reduced prices on exams, eyewear, and hearing aids — discounts, not insurance.
- Optional dental coverage: Sold separately for an added premium. See our Mutual of Omaha dental review.
How Mutual of Omaha Compares
Because benefits are identical for the same plan letter, comparing carriers comes down to the factors covered above: after-discount premium, rate history, and the issuing company's financial strength.
To see how other carriers stack up, start with our best Medicare Supplement companies rankings, or read our HealthSpring (Cigna), Aetna, and Aflac reviews.
Final Assessment: Who Should Consider Mutual of Omaha?
Strong fit if you…
- Want High Deductible Plan G at a low monthly premium
- Qualify for its household discount
- Value a long-established Medigap insurer
Compare carefully if you…
- Want standard Plan G at the lowest possible price
- Live alone or in a state without the household discount
- Are choosing mainly for gym or wellness perks
Here's what I'd do.
If you're considering High Deductible G, Mutual of Omaha is one of the first companies I'd compare. Its premiums are often competitive, but the best option still depends on your location.
If you want standard Plan G, quote it against at least two or three other carriers, compare after-discount prices, and ask about recent rate history in your state.
When premiums are close, compare the issuing company's financial strength, available discounts, and recent rate history before you decide.
Mutual of Omaha Medicare Supplement FAQs
Is Mutual of Omaha a good Medicare Supplement company?
Yes. It's a long-established Medigap insurer, and its main rated companies hold an A+ (Superior) AM Best rating.
Whether it's the best choice for you depends on your premium after discounts compared with other carriers in your ZIP code.
Does Mutual of Omaha offer High Deductible Plan G?
Yes, in many states. It's often one of the more competitive HDG options we quote, though it won't win every market.
How much do Mutual of Omaha premiums increase?
There's no fixed amount. Increases are filed state by state and depend on your plan, issuing company, and in many states, your age.
Ask for recent rate history in your state before you buy.
Does Mutual of Omaha offer a household discount?
Yes, in most states. The amount and eligibility rules vary, and some states require another household member to have a Mutual of Omaha policy too.
Can I keep my Mutual of Omaha policy if I move?
Generally, yes. Medigap coverage goes with you, and the benefits don't change.
Your premium may change based on your new ZIP code, so let the company know your new address.
Not sure if Mutual of Omaha is the right fit?
We'll compare it side by side with other carriers in your ZIP code, check your household discount eligibility, and walk you through the rate history — no pressure.
Call us at 888-414-4547 to talk with a licensed agent.
