United World Life Insurance Medicare Plans Review
United World Life Insurance sells a variety of insurance products including Medicare Supplement Insurance. Read our review to learn more about United World Life Insurance Medicare Plans and find out how to compare plans available where you live.
United World Life Insurance is a subsidiary of Mutual of Omaha that provides life, accident and health insurance to individuals in parts of the U.S.
United World Life Insurance was established in 1983 in Omaha, Nebraska, as a Mutual of Omaha affiliate company.
United World Life Insurance sells life and accident insurance policies. They also offer Medicare Supplement Insurance plans.
Medicare Supplement Insurance is also known as “Medigap” and is sold by private insurance companies like United World Life. These private Medicare plans supplement the public portion of Medicare, or “Original Medicare,” which is Medicare Part A and Part B.
Medigap plans provide coverage for out-of-pocket expenses that are required by Original Medicare including deductibles, copayments and coinsurance. There are 10 different types of standardized Medigap plans available for sale in most states, and each type of plan has benefits that are standardized by the federal government.
United World Life Insurance sells five of the 10 Medigap plans, which are detailed below.
|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 $2,370 in 2021. 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 $6,220 in 2021. Plan L has an out-of-pocket yearly limit of $3,110 in 2021.
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.
Medigap Plan A
Plan A is the most basic Medigap plan. It covers Medicare Part A coinsurance charges for both inpatient hospital care and hospice care, along with Medicare Part B coinsurance and the first three pints of blood needed for a blood transfusion (Original Medicare begins covering blood with the fourth pint).
Medigap Plan B
Medigap Plan B covers the same benefits as Plan A, but Plan B also covers the Medicare Part A deductible, which is $1,484 per benefit period in 2021.
Medigap Plan M
Plan M features offers 50% coverage of the Medicare Part A deductible instead of the 100% coverage found in Plan B. In addition, Plan M covers skilled nursing facility coinsurance.
Medigap Plan G
Plan G is among the most comprehensive Medicare Supplement Insurance plans and is quickly becoming the most popular Medigap plan.
Medicare Supplement Plan G covers everything found in Plan B and alsow covers skilled nursing facility coinsurance, the Medicare Part A deductible and Medicare Part B excess charges. Plan G also covers 80% of the costs for foreign travel emergency care.
Medigap Plan F
Plan F is the most robust Medigap plan available and is the only plan to offer coverage in every benefit area included under Medicare Supplement Insurance. Plan F covers everything found in Plan G while also adding coverage of the Medicare Part B deductible. Plan F is only available to beneficiaries who became eligible for Medicare prior to Jan. 1, 2020.
United World Life Insurance Medigap plans are accepted anywhere Original Medicare is accepted. There are no network restrictions or geographical boundaries to worry about.
Household discounts are available for spouses who both choose United World Life Insurance. There is no waiting period for pre-existing conditions and no medical underwriting when you enroll during your Medigap Open Enrollment Period, and plans are guaranteed renewable for as long as premiums are paid.
Plus, members may bundle their Medigap coverage with other products
United World Life Insurance enjoys the strong financial backing of its parent company, Mutual of Omaha. That includes A+ ratings from leading credit rating agencies A.M. Best and Standard & Poor’s and an A1 rating from Moody’s.
You may enroll in a Medigap plan from United World Life Insurance at any time by contacting a licensed insurance agent who sells policies on the company’s behalf.
Because Medigap plans vary between carriers only in their selection and price, it’s wise to compare all of the available options in your area before enrolling.