Humana vs. Mutual of Omaha Medicare Supplement Plans

In this article...
  • 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 make the right choice for your Medicare coverage needs.

Consumers have a lot of options when shopping for Medicare Supplement plans, also known as Medigap. In some areas, there may be more than 20 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 has a Consumer Affairs rating of 4.1 stars out of 5 and 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 Baa3 (Moody’s).  

Consumer Affairs rates Humana 3.8 stars out of 5, and the company is accredited with the Better Business Bureau and has an A+ rating. In 2021, Forrester’s ranked Humana No. 1 among health insurers for customer experience quality.1

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 2022 Medicare Supplement plans available in most states.

Medicare Supplement Insurance Plans 2022
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 $2,490 in 2022. 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 $6,620 in 2022. Plan L has an out-of-pocket yearly limit of $3,310 in 2022.
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.

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 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 in select cities. The example rates below are taken directly from each company's online quote tool, based on a 65-year-old non-smoking female. 

Please note that plan availability and costs vary from one ZIP code to another. Be sure to compare your local plan options to find out how much each plan may cost where you live.

Location Plan Humana Mutual of Omaha

Raleigh, NC

A

$153.60

$91.08

 

G

$197.85

$93.90

 

N

$134.60

$70.79

Cincinnati, OH

A

$100.44

$87.28

 

G

$141.91

$101.29

 

N

$104.14

$78.85

Riverside, CA

A

$167.85

$119.24

 

G

$190.74

$130.66

 

N

$138.64

$108.72

Oklahoma City, OK

A

$130.13

$112.88

 

G

$130.27

$110.74

 

N

$102.74

$73.25

St. Louis, MO

A

$185.76

$153.98

 

G

$257.18

$186.26

 

N

$192.69

$148.38


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. 

Humana Medigap plans can include a range of benefits including a fitness club membership, discounts on vision, hearing and prescription drugs and a 24-hour nurse line. Humana also offers Medigap plans that include insurance riders for basic vision and dental coverage, typically with a small fee in addition to the plan premium.

Mutual of Omaha also includes a fitness program membership with its Medicare Supplement Insurance plans called Mutually Well, in addition to 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. A licensed insurance agent can help you review the plan options available in your area from both companies and guide you in your path to determining the best Medicare Supplement Insurance policy for you and your unique needs.

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