MutualOfOmaha

Mutual of Omaha: Medicare Supplement

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Mutual of Omaha News

March 2nd, 2012

New MedSupp Filed By Mutual of Omaha

Mutual of Omaha has announced the introduction of a new Med Supp Carrier, Omaha Insurance Company (OIC).  OIC follows in the line of both United World and United of Omaha, as additional carriers rolled out by Mutual of Omaha in order to maintain availability of competitive pricing for their Medicare Supplement division.

OIC will be available in CT, KY, MD, MI, OH, PA, SC and WV offering extremely competitive rates.  We have listed below a set of proposed rates for a number of states where OIC has been filed.  Please make note that these rates have not yet been approved.

February 2nd, 2011

Mutual of Omaha Changes Plan N Underwriting

Mutual of Omaha has announced that they are adjusting the underwriting requirements for their Medicare Supplement Plan N.  This change will affect Mutual of Omaha, United World, and United of Omaha Medicare Supplement policies sold in all states with the exclusion of New York (where health questions cannot be asked).  Underwriting will be standardized for Plan N in all remaining states.

This underwriting change will require new applicaitons being filed and approved.  The implementation in your state will depend on the timing of the approval by the various State Departments of Insurance.  At present, the new application and underwriting rules have been approved in 33 states.  These states are:

  • United World — AL, MD, MN, MT, ND, NJ, NM, PA, UT and WY
  • United of Omaha — AR, AZ, GA, IA, ID, IL, IN, KY, LA, MI, MO, MS, NC, NH, OH, OK, OR, SC, TN, TX, VA, WV and WI

The new underwriting guidelines will apply to all applications received on or after February 16, 2011.

You can read full details on this change, including details on the underwriting guidlines, in 2011 - Mutual of Omaha - Plan N Underwriting Changes (390).

January 24th, 2011

Get Educated on Medicare High Income Guidelines

Are you aware that your high income clients could be paying more for their Medicare Part D coverage in 2011?  Do you understand what the income guidelines are, and how they can also affect their Medicare Part B premium?

If the answer to either of these questions is “NO”, we’ve got some resources for you.  You can find below two documents, one from CMS and another from Social Security, that are excellent tools to help you understand these guidelines.  We’ve found the Social Security piece and excellent briefcase item to help your clients explain how it works.

Downloads:

January 13th, 2011

New Reports Available from Mutual of Omaha

Presently on Mutual of Omaha’s Sales Professional Access (SPA), www.mutualofomaha.com/broker, you have access to view your Health Case Status, Med Supp Tracking, and Commission Statements.  NOW- Beginning January 19, 2011 on the Reports tab, your Policy Schedule for Direct to Policyholder Output and the Summary of Rate Adjustment Action reports will be also be viewable on SPA.

You can read the entire news release below, including information on how to pull these reports.

Download:  2011 - Mutual of Omaha - New Reporting Capability on SPA (205)

December 13th, 2010

Congress Clears 2011 Medicare Pay Fix for Physicians

The following article was taken from the Highmark Weekly Capitol Hill Report — Dec. 10, 2010

An agreement was reached this week on legislation that would head off a 25 percent cut in reimbursement to physicians under Medicare, taking the ‘doc fix’ issue off the table in Congress until this time next year.  The Medicare and Medicaid Extenders Act of 2010 (H.R. 4994) provides a one-year freeze in physician payments through 2011 at a cost of $14.9 billion.  The Senate cleared the measure by unanimous consent Wednesday and the House passed the bill 409-2 on Thursday.  President Obama is expected to sign the legislation into law.

The bill is largely paid for by increasing repayment amounts for individuals receiving excess premium tax credit payments from the federal government to purchase health insurance on newly created exchanges, slated to open in 2014.  The bill increases the repayment limit from a previous cap of $400/families ($250/individuals) for those below 400% of the Federal Poverty Level (FPL) to a sliding scale from $600 for households below 200 percent FPL up to $3,500 for households between 450 percent and 500 percent FPL.

The bill also includes several one-year extensions of expiring Medicare provisions such as the therapy cap exception and ambulance add-on payments and extends a number of programs targeted at low-income beneficiaries.

Select a State

If your state is not blue on the map, Mutual of Omaha does not have currently have plans available in your state.
You can also view non-state specific documents

About Mutual of Omaha

With companies offering the same standardized insurance plans, your Medicare supplement choice comes down to price and a company’s service, reputation and experience with Medicare supplement insurance policies. Mutual of Omaha exceeds expectations.