In October I turn 65 and I've had a few discussions with a Medicare advisor. I'm in pretty good health overall and plan to get the Part G supplement. Based on my location, he recommended Mutual of Omaha as the company to supply my coverage. We've all heard of them of course, but how do they compare to say United? Blue Cross? Humana? I wonder if his company gets a cut or something for recommending certain companies. He works as a Medicare advisor for Fidelity Investments by the way.

Any thoughts on this are appreciated.

I have carried MofO Plan G for four years and have been completely satisfied. I found the rates to be very competitive and have had zero issues with coverage, including open heart surgery. You are no doubt aware that rates for the same plan will vary from company to company but the Plan G coverage will be the same no matter which company issues the policy.

Note that there are two Plan G policies, one with the regular deductible and one with a high deductible.

OC, thanks for the reply! That's encouraging to hear, though I'm sorry you had to go through open heart surgery!

I plan to sign up for the high deductible Part G. In the future, I'll re-evaluate if my situation changes.

quote:

Originally posted by 6guns:
OC, thanks for the reply! That's encouraging to hear, though I'm sorry you had to go through open heart surgery!

I plan to sign up for the high deductible Part G. In the future, I'll re-evaluate if my situation changes.

Be sure to get the plan you'll find best in a few years, when you need to go to the doctor more often.
When you first sign up, there is no medical qualification if you want to change (unless you move to a different area) but as you age and you've started having more issues, you're stuck with what you bought.

I switched to Mutual of Omaha a year ago after 10 years with Anthem. I'm on a plan F and have had zero problems and haven't paid a dime for any service above what Medicare paid. I've had heart and vascular issues for years so I'm a frequent visitor to the doctors. Saved some money on the premiums too.

I also have plan F but if I understand correctly it is no longer available. If you have it, you are grandfathered but if you drop it there is no going back. For me it has worked out very well.

Medicare Advisers get a cut from the insurance company. I went with Humana as it was the lowest premium for my area among the companies with well known names. Your zip code determines availability of companies and policies and premiums.

You have it right that after deciding which plan the next important step is which company as it’s going to be for the rest of your life effectively. Mutual of Omaha has enough longevity to be assured they’ll be around plus you know it’s hard to be lose money as a Medicare Supplement Insurance company.

Seek assistance from the SC SHIP program. It's federally funded like each of the state programs and advisors offer unbiased advice.
The paid Medicare providers representing insurance companies and just looking to make a buck.

It's really important to get it right the first time as there are a couple of situations that can't be fixed if you are directed into the wrong program.

My wife has worked as one of the Counselors in a couple of other states for years. It's fairly complicated and again you need to make sure you get it right the first time.

I have had the plan G coverage with low deductible for about 7 years.The first few years I was with MoO and never had an issue. A couple years ago my rates went up so I switched to CVS, no problems with them either.
I wish I had this good of coverage for all the years I worked and paid a fortune for my health insurance.
My Wife is also on the plan G and has had no problems.
As stated its the same plan regardless of what company you go with.

We both like paying a small deductible (about $250 per year) and never having to open our wallets again for the year. No hidden or unexpected charges and we can go see about any DR. in the USA.
We bought our policy s from a YouTube guy(Keith something as I remember) that has many helpful videos about Medicare insurance.When we call for info or to see if somebody is offering our plan G for less each month we talk to a lady in Florida that consuls you from her kitchen, she loves to talk, but we find her refreshing and knowledgeable.
She is more than happy to run rates from different providers. She made the switch to medicare painless.

quote:

Originally posted by Powers77:
My wife has worked as one of the Counselors in a couple of other states for years. It's fairly complicated and again you need to make sure you get it right the first time.

My wife researched it for probably about a year, on-and-off, before we were going to go on MediCare. In addition to her own research she talked with two different consultants. Powers77 ain't kiddin': It's complicated and, if you get it wrong, some stuff there's no fixing. You're stuck with it.

We're on Plan G with Banker's Fidelity. We have no complaints.

Practically speaking, there is zero difference in coverage from one carrier to another. They all pay the same amount for a given Medicare covered procedure. If Medicare approved it, they’re obligated to pay.

I switched from MofO to Farm Bureau because the Mutual rate, after years of multiple increases, was nearing $300 a month. Farm Bureau is around $160. Plan G

The level of service from both has been fine. I should have changed a long time ago.

quote:

Originally posted by bettysnephew:
I also have plan F but if I understand correctly it is no longer available. If you have it, you are grandfathered but if you drop it there is no going back. For me it has worked out very well.

When I was with Anthem they were raising my premium 10% a year. When I bitched about the cost of the F plan I asked for a quote on the G and was told I couldn't go back to an F if I dropped it, Mutual of Omaha signed me up for the F without hesitation for $161/mo. Anthem wanted $298/mo. for 2023 renewal so it was a no brainer.

Even if the plans you’re comparing provide exactly the same benefits, be sure to check how the various providers calculate their annual increases (and they all have them). That can make a big difference over time (your age only, the average age of all policyholders, etc.).

Good to hear positive thoughts about Mutual of Omaha. I did research their costs over time and they don't appear to have raised costs a lot. Who knows about the future though. As I mentioned, I plan to go with the high deductible G at this time. F is no longer available after 2020.