Humana vs. Mutual of Omaha Medicare Supplement Plans
- Humana and Mutual of Omaha both offer Medicare Supplement Insurance (Medigap) plans. Our Medicare Supplement insurance company review compares Humana vs. Mutual of Omaha so you can learn more about each insurance carrier.
Consumers typically have options when shopping for Medicare Supplement plans, also known as Medigap. In some areas, there may be a number different insurance companies selling these types of policies, with each one offering its own price point, plan selection and incentives.
One Medicare Supplement insurance company comparison that shoppers in many areas may have is Humana vs. Mutual of Omaha.
In this review, we’ll compare the Medicare Supplement plans offered by each company to help you decide which carrier might be best for your needs.
Company Ratings: Humana and Mutual of Omaha
Humana and Mutual of Omaha are both large insurance companies with longstanding reputations.
The financial strength of Mutual of Omaha is rated A+ from A.M. Best and Standard & Poor’s and A1 from Moody’s. The company is accredited by the Better Business Bureau with an A+ rating.
Humana financial ratings from the leading credit agencies include BBB (Standard & Poor’s), BBB (Fitch Ratings), BBB (A.M. Best) and Baa2 (Moody’s).
The company is accredited with the Better Business Bureau and has an A+ rating.
What Is Medicare Supplement?
There are 10 standardized Medicare Supplement Insurance plans available in most states, and the benefits of each type of plan are standardized by the federal government. Aside from any enrollment incentives (which we’ll discuss later), Plan A from Humana will offer the same coverage as Plan A from Mutual of Omaha. And that remains true for any plan of the same identifying letter.
Here is a comparison chart showing the standardized 2024 Medicare Supplement plans available in most states.
| Medicare Supplement Benefits | A | B | C1 | D | F1 | G | K | L | M | N |
| Part A coinsurance and hospital costs | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Part B coinsurance or copayment | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| First 3 pints of blood | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| Part A hospice care co-insurance or co-payment | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ |
| Co-insurance for skilled nursing facility | ✓ | ✓ | ✓ | ✓ | 50% | 75% | ✓ | ✓ | ||
| Medicare Part A deductible | ✓ | ✓ | ✓ | ✓ | ✓ | 50% | 75% | 50% | ✓ | |
| Medicare Part B deductible | ✓ | ✓ | ||||||||
| Medicare Part B excess charges | ✓ | ✓ | ||||||||
| Foreign travel emergency | 80% | 80% | 80% | 80% | 80% | 80% | ||||
| 1. Plans C and F are not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020. 2. Plans F and G also offer a high deductible plan which has an annual deductible of $2,800 in 2024. Once the annual deductible is met, the plan pays 100% of covered services for the rest of the year. The high deductible Plan F is not available to new beneficiaries who became eligible for Medicare on or after January 1, 2020. 3. Plan K has an out-of-pocket yearly limit of $7,060 in 2024. Plan L has an out-of-pocket yearly limit of $3,530 in 2024. 4. Plan N pays 100% of the Part B coinsurance, except for a copayment of up to $20 for some office visits and up to $50 for emergency room visits that don’t result in an inpatient admission. View an image version of this table. |
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Humana vs. Mutual of Omaha: Medigap Plan Selection
Humana offers a robust selection of plans, with eight of the 10 policies included in its lineup. Humana Medigap plan selection consists of Plans A, B, C, F (and high-deductible F), G (and high-deductible G), K, L and N. It’s important to note, however, that not every plan is guaranteed to be available in each location.
The Mutual of Omaha Medigap plan lineup is slightly smaller than what Humana offers, with Plans A, F (and high-deductible Plan F), G (and high-deductible G) and N.
Please note that not all plans are available in every location. You can compare your local plan availability to find your best Medigap plan option.
| Humana | Plan | Mutual of Omaha |
|---|---|---|
| ✔ | A | ✔ |
| ✔ | B | |
| ✔ | C | |
| D | ||
| ✔ | F | ✔ |
| ✔ | High-deductible F | |
| ✔ | G | ✔ |
| ✔ | High-deductible G | ✔ |
| ✔ | K | |
| ✔ | L | |
| M | ||
| ✔ | N | ✔ |
Who Offers Better Medicare Supplement Rates?
Humana and Mutual of Omaha are free to set their own pricing for Medicare Supplement Insurance plans. As you compare plans, you may find differences in premiums for the same plan in the same location being sold by two different companies.
The table below shows a cost comparison between Humana and Mutual of Omaha for Medicare Supplement Plans F, G and N in select ZIP codes.
The following example premiums are taken from the Medicare.gov plan finder tool in October 2023 for plan year 2024 and apply to a 65-year-old woman who doesn't use tobacco and lives in the following ZIP codes. This is not a complete list of plans available in each ZIP code.
Plan premiums vary and may be different where you live, and there may be more, fewer or different plans available where you live. Contact a licensed insurance agent or compare plans online to find your local options.
| Location | Plan | Humana | Mutual of Omaha |
|---|---|---|---|
|
Raleigh, NC (27601) |
F |
$136 |
$136 |
|
G |
$114 |
$110 |
|
|
N |
$86 |
$80 |
|
|
Cincinnati, OH (45202) |
F |
$144 |
$138 |
|
G |
$167 |
$113 |
|
|
N |
$109 |
$82 |
|
|
Riverside, CA (92501) |
F |
$266 |
$199 |
|
G |
$219 |
$157 |
|
|
N |
$159 |
$124 |
|
|
Oklahoma City, OK (73102) |
F |
$161 |
$149 |
|
G |
$137 |
$130 |
|
|
N |
$107 |
$83 |
|
|
St. Louis, MO (63101) |
F |
$304 |
$306 |
|
G |
$296 |
$170 |
|
|
N |
$223 |
$138 |
Please note that Mutual of Omaha insurance Medicare Supplement insurance plans are insured by underwriters:
- In North Carolina, Mutual of Omaha (Omaha Insurance Company)
- In Ohio, Mutual of Omaha (Omaha Supplemental Insurance Company)
- In California and Missouri, Mutual of Omaha (United World Life Insurance Company)
- In Oklahoma, Mutual of Omaha (Mutual of Omaha Insurance Company
As you can see from the table above, Mutual of Omaha generally has lower premiums for Medicare Supplement Insurance than Humana, although that may not be the case with every plan in every location.
What Extra Medigap Benefits Do Humana and Mutual of Omaha Offer?
Medicare Supplement Insurance benefits are standardized, but some insurance companies may add some extra incentives to those who enroll.
In a limited number of states, Mutual of Omaha offers a fitness program membership as an optional benefit with its Medicare Supplement Insurance plans, called Mutually Well. In some states, plans may offer discounts on healthy living products and routine vision and hearing care.
Humana vs. Mutual of Omaha: Which Company is Right for You?
Humana and Mutual of Omaha are two of the leaders in Medicare Supplement Insurance, and for good reason. Both companies offer a diverse selection of plans with attractive enrollment incentives backed by strong consumer and financial ratings.
Ultimately, it’s hard to go wrong with either Humana or Mutual of Omaha.
Helpadvisor.com is owned and operated by Tranzact, the parent company of TZ Insurance Solutions LLC, which is the owner/operator of Medicareadvantage.com and other websites mentioned on HelpAdvisor and which has a financial relationship with some of the carriers listed on HelpAdvisor. This may influence which products we write about, but HelpAdvisor maintains editorial independence, and our opinions and evaluations are our own.
