Medicare Supplement Plan G

Mutual of Omaha Medicare Supplement Plan G in Iowa

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Comprehensive Medicare coverage with excellent value. Medicare Supplement Plan G mirrors Plan F in nearly every benefit except the Part B deductible, and for most Medicare beneficiaries who became eligible after 2020 it is the most complete medigap plan available. Mutual of Omaha is one of the most experienced insurance companies in the supplement market, with strong AM Best financial ratings and a long record of paying claims without hassle.

What Mutual of Omaha Plan G Covers

Plan G covers nearly all the costs that Original Medicare doesn’t pay, stepping in after Medicare pays its share:

Part A hospital deductible ($1,632 in 2024; updated annually by CMS) and coinsurance
365 additional lifetime hospital days after Medicare benefits end
Part B coinsurance, generally 20% of the Medicare-approved amount
First 3 pints of blood each year
Part B excess charges, when a provider bills above the approved amount
Skilled nursing facility coinsurance (days 21-100)
Foreign travel emergency care, 80% after a $250 deductible, $50,000 lifetime max
Hospice and home health coinsurance amounts

Plan G Does NOT Cover:

The annual Medicare Part B deductible ($240 in 2024, set each year by CMS) stays out of pocket, and like all standardized Medicare supplement insurance policies, it excludes routine dental, vision, hearing, and prescription drugs.

Benefit	What Plan G Covers
Part A DeductibleYou may need this benefit if you have to stay in the hospital. The Part A deductible for 2024 is $1,632. This amount can change every year. You have to pay this deductible for each benefit period.	Plan G covers 100% of the $1,632 deductible.
Part B DeductibleYou may want to consider this benefit if you have Medicare Part B. Each year you must pay the Part B deductible before Medicare starts to pay its share.	Plan G does NOT cover the $240 Part B deductible, you must pay out of pocket.
Part B CoinsuranceWithout this benefit, you generally pay 20% of the Medicare-approved amount for Medicare Part B covered services and supplies (like doctor services and outpatient hospital care).	Plan G covers 100% of the 20% remainder costs.
365 Extra Days of Hospital StayAfter you use all Medicare hospital benefits, you can receive up to 365 more days for hospital stays during your lifetime.	Plan G covers all of the costs for an additional 365 hospital days.
3 Pints of BloodThe first 3 pints of blood or equal amounts of packed red blood cells per calendar year, unless this blood is replaced.	Plan G covers all of the costs of 3 pints of blood per calendar year.
Part B Excess ChargesUnder federal law, doctors who don’t accept assignment may charge up to 15% more than the approved amount. You might want this benefit if your doctors don’t accept assignment.	Plan G covers 100% of the excess charges.
Foreign Travel EmergencyIf you travel outside the United States, this benefit could save you money for emergency care.	Plan G covers 80% (after a $250 deductible) to a lifetime maximum benefit of $50,000.
Skilled Nursing CoinsuranceMedicare pays for the first 20 days of a skilled nursing facility. If you need to stay in the SNF longer than 20 days after a hospital stay, this benefit begins.	Plan G covers up to $137.50 per day for days 21-100.
Home Health CareHome Health Care is skilled nursing care and certain other health care services you get in your home for the treatment of an illness or injury.	Plan G covers the 20% remainder not paid by Medicare Part B.

What Is the Cost of Plan G with Mutual of Omaha?

Mutual of Omaha Plan G cost in Iowa depends on your age, gender, ZIP code, tobacco use, and household discount eligibility. Premiums use attained-age rating, so they start lower and rise as you age. As a reference point from our quoting, annual premiums around $1,186 are typical for a new 65-year-old, against $1,612 for Plan F; since the only benefit difference is the $240 Part B deductible, the newer plan usually wins the math. The exact premium for your situation takes two minutes to quote, and a non-tobacco or household discount can trim 7-12%.

Plan G vs. Plan F and Plan N

All standardized Medicare supplement plans with the same letter carry identical benefits regardless of the insurance company, so the comparison comes down to benefits and price:

Plan F adds only that deductible to what Plan G offers, and it is closed to anyone who became eligible for Medicare on or after January 1, 2020. Existing enrollees can keep it. See our Medigap F guide.
Plan N covers the same core benefits as Plan G except Part B excess charges, and adds copays of up to $20 for office visits and $50 for ER visits. Premiums run lower in exchange. Details on our Plan N page.
Plan G is the sweet spot for most new enrollees: full excess-charge protection and no copays, with only the small annual deductible to self-fund.

High Deductible Plan G

The carrier also offers a high deductible version in many states. You pay a much lower monthly premium and overall cost, and the plan begins paying once you meet an annual deductible set by CMS each year. It suits healthy enrollees who want catastrophic protection and can absorb routine costs; the standard version suits anyone who prefers predictable bills.

Is Mutual of Omaha a Good Plan G Choice?

When choosing a Medicare supplement insurance plan, financial strength and rate history matter most, and this carrier consistently ranks near the top: rates are usually among the lowest available, the underwriting process is fast, and claims pay automatically alongside Medicare with no claim forms. Policies are written through affiliates of the parent company depending on your state, such as United of Omaha or Omaha Supplemental Insurance Company. Guaranteed renewability means the company can never cancel your coverage for health reasons as long as premiums are paid.

Frequently Asked Questions

What are the disadvantages of Plan G?

Three to weigh: you pay the Part B deductible yourself, premiums rise with age under attained-age rating, and there are no extras such as dental, vision, or drug coverage, so most enrollees add a separate Medicare Part D plan for prescriptions. For nearly everyone, the trade-off still beats the gaps left by Original Medicare alone.

Can I use any doctor or hospital with Plan G?

Can I switch from another Medicare supplement plan to Plan G?

Do I need separate drug coverage?

Ready to Enroll in Plan G?

Apply online in minutes, or send your paper application by fax to (847) 220-9280 or email to our contact form. Compare all Mutual of Omaha Medicare supplement plans or the full Iowa Medicare overview before you decide.