Mutual of Omaha Medicare Supplement Review: F, G and N Plans

Mutual of Omaha Insurance Company offers Medicare Supplement insurance in most states. Popular Medigap policies include Plans F, G, N, and high-deductible plans. Company reviews are positive overall, but some customers complain about rate increases.

Key Features of Mutual of Omaha Medicare Supplement Plans

• Reduces out-of-pocket costs to make health care more affordable
• Eliminates or minimizes deductibles, coinsurance, and copayments
• Coverage is offered in most states (however, not all ten standardized Medigap plans are offered in every state)
• Vision discounts (EyeMed)
• Hearing discounts (Amplifon)
• Discounts for wellness (Mutually Well)

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Mutual of Omaha Pros & Cons

• Pros: Positive Reviews

  BBB gave Mutual of Omaha an A+ rating.

  An overall customer 4.5-star rating, with high marks in confidence and satisfaction.

  • Financial Strength and Stability: Mutual of Omaha has been in operation since 1909 and consistently receives high ratings for financial stability, ensuring reliability for policyholders. ​

  • Comprehensive Plan Options: The company offers a variety of Medigap plans, including Plans A, F, G, and N, allowing beneficiaries to select coverage that best fits their needs.

  • Additional Benefits: Policyholders have access to extra perks such as vision discounts through EyeMed and the Mutually Well fitness program, enhancing overall value.

  • Customer Service: Mutual of Omaha is recognized for its strong customer support, providing timely and efficient claims processing. ​

• Cons: Higher Rates

  • Premium Costs: Some plans may have higher premiums compared to other providers, which could be a consideration for cost-sensitive individuals. ​

  • Plan Availability: Not all Medigap plans are available in every state, potentially limiting options for some beneficiaries.

  • Premium Increases: Policyholders may experience premium hikes over time, which is common in the industry but worth noting. 

• Superior Ratings

  Forbes ranked the Mutual of Omaha Group in the Top 5 Medicare Supplement Companies for 2024.

  AM Best confirmed their financial strength and long-term issue credit as superior.

  This speaks well of Mutual of Omaha Group’s creditworthiness, stability, strong operating performance, and leading market position in Medicare Supplement products.

Coverage and Plan Benefit Features

Mutual of Omaha Insurance Company cites Plans F, G, and N as its most popular Medigap supplemental health care insurance plans. These plans offer considerably more benefits than the most basic Medigap policy (Plan A).

Mutual of Omaha’s most popular Medigap plans are Plan G, Plan N, and (for those eligible before 2020) Plan F. Because Medigap benefits are standardized by Medicare, coverage is the same regardless of the insurance company.

Plan G (Most Popular)

Plan G provides the most comprehensive coverage available to new Medicare beneficiaries. It covers nearly all Medicare-approved out-of-pocket costs except the annual Part B deductible. Key benefits include:

• No doctor or hospital networks – see any provider nationwide that accepts Original Medicare.
• Covers hospital deductibles, coinsurance, skilled nursing coinsurance, hospice care, Part B excess charges, and foreign travel emergencies.
• Predictable healthcare costs with guaranteed renewable coverage.

Best for: People who want the most complete coverage and minimal out-of-pocket expenses.

Plan N (Best Value)

Plan N offers lower monthly premiums than Plan G in exchange for small copays.

• Covers all major hospital expenses.
• Requires up to a $20 doctor visit copay and $50 ER copay (waived if admitted).
• Does not cover Part B excess charges.
• Includes nationwide provider access and guaranteed renewable coverage.

Best for: Healthy beneficiaries who want to reduce premiums and don’t mind occasional copays.

Plan F (Closed to New Beneficiaries)

Plan F provides first-dollar coverage, including the Part B deductible, but is only available to people who became Medicare-eligible before January 1, 2020.

Plan A (Basic Coverage)

Plan A is the most basic Medigap option and covers Medicare Part A and B coinsurance, blood, and hospice care, but does not cover the Part A deductible, skilled nursing coinsurance, excess charges, or foreign travel emergencies.

Best for: Individuals seeking the lowest premium who are comfortable paying more out of pocket.

Plan Comparison at a Glance

Cost of a Mutual of Omaha Medigap Plan

On average, you should expect to pay between $100 and $200 monthly for Plan G. However, if that amount is too high for your budget, Mutual offers a high-deductible option in certain states with significantly lower premiums.

Below is an average for Plan F, G, and N for various ages and locations:

Medigap Plan	Premium	Gender/Age	State
Plan F	$353	Male age 70	TX
Plan G	$191	Female age 65	OH
Plan N	$125	Female age 65	PA
High Deductible G	$98	Male age 65	FL
Plan A	$152	Male age 65	GA

The cost of a Mutual of Omaha Medicare Supplement plan is influenced by the following:

• State regulations
• The type of Medigap plan you buy
• Your location, specific to your zip code
• Gender
• Eligibility for a household discount (allowable in select states)

Enrollment outside the Medigap Open Enrollment Period also plays a significant role in determining the cost of your Medigap plan. Your Medigap Open Enrollment Period is a six-month period that begins on the first day of the month during which you are both 65 years of age and are enrolled in Medicare Part B. If you miss the Medigap Open Enrollment Period, which ends six months after the above conditions are met, you will likely be subject to medical underwriting based on your health conditions.

Household Discounts

Mutual of Omaha offers one of the most competitive household discounts in the Medicare Supplement market.

In most states, eligible applicants can receive up to a 12% discount on their monthly premiums, although the exact amount varies by state. In many cases, you don’t have to be married – simply living with another adult may qualify, depending on your state’s rules.

This discount can result in significant long-term savings and is one reason Mutual of Omaha is frequently among the lowest-priced Medigap carriers.

What Perks Does Mutual of Omaha Offer?

Mutual of Omaha includes several wellness benefits with many Medicare Supplement plans, plus optional coverage you can add for an additional premium.

Included Benefits

• Mutually Well®: Access to wellness discounts, nutrition resources, and a nationwide gym membership for $29.99/month.
• EyeMed Vision Discounts: Savings on eye exams, glasses, frames, and contact lenses.
• Amplifon Hearing Discounts: Discounts on hearing exams, hearing aids, and fitting services.
• Household Discount: Premium discounts of up to 12% in most states (varies by state).

Optional Add-Ons

• Dental Insurance: Choice of comprehensive dental plans covering preventive, basic, and major services with annual benefit options up to $5,000.
• Vision Rider: Reimbursement for annual eye exams and eyeglasses or contact lenses.
• Dental Savings Plan: Low-cost membership offering 5%–60% discounts on dental, vision, and hearing services.

How Does Mutual of Omaha Compare To Other Medigap Companies?

Because Medicare Supplement Plans are standardized, the benefits for each plan (like Plan G or Plan N) are exactly the same regardless of which insurance company you choose.

That means Plan G from Mutual of Omaha offers the same medical coverage as Plan G from Aetna, Cigna, Humana, or Aflac. What does vary is the monthly premium, company perks, rate stability, and customer service reputation – so that’s where comparisons really matter.

Below are premium comparisons between Mutual of Omaha and other top Medicare Supplement carriers across different age groups and ZIP codes. These examples illustrate how pricing can shift based on age and location.

Mutual of Omaha vs. Aetna – Monthly Premium Comparison

65-year-old female, non-tobacco, ZIP 75001 (Addison, TX)

Medigap Plan	Mutual of Omaha	Aetna
Plan A	$173	$178
Plan N	$131	$155
Plan G	$173	$226
Plan F	$237	$287
High Deductible G	$45	Not offered

Percentage Differences (MOO vs Aetna):

• • Plan A: Mutual of Omaha is about 3% less expensive

• • Plan N: Aetna is about 15% more expensive

• • Plan G: Aetna is about 23% more expensive

• • Plan F: Aetna is about 17% more expensive

Summary: Aetna is consistently more expensive than Mutual of Omaha in Addison, TX.

Mutual of Omaha vs. Cigna – Monthly Premium Comparison

67-year-old female, non-tobacco, ZIP 30309 (Atlanta, GA)

Medigap Plan	Mutual of Omaha	Cigna
Plan A	$134	$144
Plan N	$150	$117
Plan G	$235	$172
Plan F	$342	$193
High Deductible G	$64	$58

Percentage Differences (MOO vs Cigna):

• • Plan A: Cigna is about 7% more expensive

• • Plan N: Mutual of Omaha is about 24% more expensive

• • Plan G: Mutual of Omaha is about 27% more expensive

• • Plan F: Mutual of Omaha is about 43% more expensive

• • High Deductible G: Mutual of Omaha is about 10% more expensive

Summary: Mutual of Omaha’s rates are consistently higher than Cigna’s in Atlanta. The biggest difference appears with Plan F, followed by Plan A.

Mutual of Omaha vs. Humana – Monthly Premium Comparison

70-year-old female, non-tobacco, ZIP 92103 (San Diego, CA)

Medigap Plan	Mutual of Omaha	Humana
Plan A	$207	$295
Plan N	$194	$283
Plan G	$300	$384
Plan F	$368	$408
High Deductible G	$69	$99

Percentage Differences (MOO vs Humana):

• • Plan A: Humana is about 29% more expensive

• • Plan N: Humana is about 31% more expensive

• • Plan G: Humana is about 22% more expensive

• • Plan F: Humana is about 10% more expensive

• • High Deductible G: Humana is about 31% more expensive

Summary: Humana’s premiums are consistently higher than Mutual of Omaha’s in San Diego, especially with Plan A and Plan N. Mutual of Omaha offers notable savings in this region.

Mutual of Omaha vs. Aflac – Monthly Premium Comparison

75-year-old female, non-tobacco, ZIP 60614 (Chicago, IL)

Medigap Plan	Mutual of Omaha	Aflac
Plan A	$156	$321
Plan N	$185	$195
Plan G	$250	$274
Plan F	$304	$314
High Deductible G	$68	Not offered

Percentage Differences (MOO vs Aflac):

• • Plan A: Aflac is about 51% more expensive

• • Plan N: Aflac is about 5% more expensive

• • Plan G: Aflac is about 8% more expensive

• • Plan F: Aflac is about 3% more expensive

Summary: Mutual of Omaha tends to be more expensive in Chicago than Aflac, especially with Plan A and Plan F.

Overall Takeaway:
Regardless of age or location, Mutual of Omaha consistently offers lower monthly premiums compared to Aetna, Aflac, and Humana, but not Cigna.

While the price gaps vary depending on plan and geography, the trend favors Mutual of Omaha, especially for Plan A and High Deductible G.

Disclaimer: Insurance premiums are subject to change and can vary based on individual circumstances. Contact one of our licensed insurance agents for the most accurate and up-to-date information.

How Do I Enroll in a Mutual of Omaha Medicare Supplement Plan?

At PolicyGuide, we make enrolling in a Mutual of Omaha Medicare Supplement Plan simple and stress-free. Our process begins with a brief fact-finding conversation.

We’ll discuss your healthcare needs, your budget, and where you currently stand with Original Medicare Parts A and B – specifically your effective dates and whether you qualify for any guaranteed issue rights.

Once we understand your situation, we’ll help you compare plans and guide you toward the one that best fits your needs. From there, we handle the entire enrollment process over the phone – no paperwork on your end.

To complete your enrollment, you’ll need to provide some basic information:

• Full name

• Address

• Phone number

• Date of birth

• Medicare Claim Number (from your Medicare card)

• Preferred billing method

Most people choose to have their monthly premiums automatically deducted from a checking account to avoid any lapses in coverage.

Please note: If you’re enrolling outside of your Medigap Open Enrollment Period or don’t have guaranteed issue rights, you may be required to answer some health questions as part of the application process.

After enrollment, your policy is typically issued within 7 to 10 business days, and you’ll receive your ID cards and policy documents by mail.

Ready to Learn More?

Choosing the right Medicare Plan is not a decision that should be taken lightly. With Policy Guide’s assistance, you will have access to the knowledge and expertise of professional agents who can help you compare different health plans, quotes, and policies to ensure that you make an informed decision. Let us guide you through this process, so that your chosen plan best suits your needs.

FAQs

• Does Mutual of Omaha offer Silversneakers?

  Mutual of Omaha does not offer SilverSneakers, but the insurer does have a health and fitness program called Mutually Well, which costs an additional $29.99 per month. When you register for Mutually Well, you gain access to discounts on wellness products, nutrition information, and gym memberships.

• Does Mutual of Omaha have a Medicare Advantage plan?

  Until 2020, the insurance company offered Medicare Advantage (Medicare Part C) but does not any longer. If you are a Medicare Advantage (MA) member, you must first drop your MA plan and return to Original Medicare if you want to obtain Medicare Supplement insurance. Using Medicare Supplement insurance plans to cover MA out-of-pocket costs is prohibited, so having both plans is neither an option nor a benefit.

• Do they offer prescription drug plans?

  Medicare Supplement insurance does not include Medicare Part D prescription drug coverage, and unfortunately, Mutual of Omaha does not offer this coverage type. Beneficiaries can purchase Part D coverage through another service provider. Part D is a separate insurance policy requiring a monthly premium and deductible, and some drug purchases may require coinsurance payments or copays.

  It’s a good idea to check the plan’s formulary (an approved drug list) to confirm the medications that you need are included. Review the list before you enroll, and look for formulary updates annually.

• Can I travel with my Medicare Supplement plan?

  Yes, you sure can. One of the great things about a Mutual of Omaha Medicare Supplement Plan is the flexibility it gives you when you travel.

  Whether you’re going across the country or visiting family in another state, you’re covered as long as the doctor or hospital accepts Medicare. And if you have a plan like Plan G or Plan F, you’ll even have limited coverage for emergencies when you’re traveling outside the U.S.

• Do I have to change my Mutual of Omaha plan if I move to another state?

  Nope, you don’t have to switch plans just because you move. Medicare Supplement Plans are standardized, which means your coverage goes with you no matter where you live.

  The only thing that might change is your premium since rates can vary by ZIP code. Just be sure to let Mutual of Omaha know your new address.

• Do Mutual of Omaha Medicare Supplement plans require me to use a network of doctors and hospitals?

  Not at all. That’s one of the perks of having a Medigap plan. There are no networks, so you can see any doctor or go to any hospital that takes Medicare – anywhere in the country. No referrals, no restrictions.

• How often will my Mutual of Omaha premiums increase?

  Typically, you’ll see a premium increase once a year. How much it goes up can depend on a few things – your age, where you live, and the type of plan you have.

  Mutual of Omaha has a solid track record when it comes to keeping rate increases reasonable, but like most Medigap carriers, some annual increases are normal.

• Do the benefits of my Medicare Supplement Plan with Mutual of Omaha change every year?

  No, your benefits stay the same year after year. These plans are standardized by the federal government, so what you signed up for is what you keep.

  While your premium might change over time, the actual coverage and benefits in your plan don’t get adjusted each year as Medicare Advantage insurance does.

• Is Mutual of Omaha a good company for Medicare Supplement Insurance?

  Yes, Mutual of Omaha is one of the most well-known and respected companies in the Medicare Supplement market.

  They’ve been offering Medigap plans for decades and are known for their competitive rates, reliable customer service, and financial stability.

• What is the AM Best rating for Mutual of Omaha?

  Mutual of Omaha has consistently earned strong financial ratings, including an A+ (Superior) rating from AM Best. That rating reflects their ability to meet financial obligations and pay claims – a big plus when choosing a Medigap provider.

• How trustworthy is Mutual of Omaha?

  They’re very trustworthy. Mutual of Omaha has been around since 1909 and has built a solid reputation for customer service, claims handling, and financial strength.

  They’re a household name in the insurance world and continue to serve millions of policyholders across the country.

• Why is Mutual of Omaha so popular and how many members do they have?

  Mutual of Omaha is popular because they consistently offer competitive pricing, strong customer service, and a reliable brand people trust. They’ve been a top player in the Medicare Supplement market for years.

  While exact membership numbers can vary, it’s estimated that over 1.4 million people are enrolled in Mutual of Omaha Medicare Supplement plans across the U.S.

Article Resources

• Key Features of Mutual of Omaha Medicare Supplement Plans
• Coverage and Plan Benefit Features
• Costs