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.Special Features
Mutual of Omaha has made a major commitment to the individual health insurance
market with their acquisition of business from Principal Mutual Life.
Mutual of Omaha's medical plans are uniquely designed. PPO plans have the same coinsurance in network or out. Additional deductible is applied for non-network providers. Maternity waiting period is only 10 months to delivery, for coverage. Carry over deductible and prescription card included.
Rates and Service
Customer service is excellent. Rates are tough to compare since the plan design
is unique. They appear to be a bit to the high.
Underwriting and Billing
Business acquired from Principal was automatic with no underwriting.
Underwriting is flexible enough to underwrite most. For those with some health history who need a maternity benefit, Mutual could be the choice.
Renewal Rate History
For those coming from Principal, Mutual of Omaha will seem like a
breath of fresh air as Principal was sticking 25%+ per year. New clients of Mutual of Omaha should expect stable rates since the pricing will likely become more competitive over the next few years.
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