Mutual of Omaha Medicare Supplement Plan Review in Texas
Mutual of Omaha has historically been one of the most competitively priced Medicare Supplement companies in Texas and remains one of the most recognized names in the Medigap market.
Backed by more than 100 years of insurance experience and an A+ (Superior) financial strength rating from AM Best, the company has built a strong reputation for dependable service, efficient claims processing, and long-term stability.
However, our 2026 review found that Mutual of Omaha is no longer the low-price leader for standard Plan G and Plan N in many Texas ZIP codes.
Based on our rate comparison, its premiums are often 15% to 30% higher than comparable plans from companies such as Cigna and Humana.
The exception is High Deductible Plan G, where Mutual of Omaha remains one of the most competitive carriers in Texas.
Estimated premiums are around $64 per month, approximately 74% lower than its standard Plan G premium of $245 per month.
This can make Mutual of Omaha especially attractive to healthy beneficiaries who want strong financial protection without paying a high monthly premium.
In this review, we examine Mutual of Omaha’s available Medicare Supplement plans, 2026 Texas premiums, household discounts, customer service, financial stability, and how the company compares with other leading Medigap carriers.
Mutual of Omaha Medicare Supplement Plans Available in Texas
Plan G
Plan G is Mutual of Omaha's most popular Medicare Supplement plan. After you pay the annual Part B deductible ($283 in 2026), it covers nearly all Medicare-approved out-of-pocket costs. It's an excellent choice for Texans seeking comprehensive, predictable coverage with nationwide provider access.
Plan N
Plan N offers lower monthly premiums than Plan G in exchange for small office and emergency room copays and no coverage for Part B excess charges. It's a strong option for healthy beneficiaries who want to reduce their monthly premium.
High Deductible Plan G
High Deductible Plan G provides the same benefits as Plan G after you meet the annual deductible ($2,950 in 2026). With significantly lo
Other Medicare Supplement Plans Offered by Mutual of Omaha
While Plans G, N, and High-Deductible G are the most widely chosen, Mutual of Omaha also offers other Medigap plans in certain Texas ZIP codes, including Plans A, B, D, and M.
These plans tend to have more limited coverage or are less commonly used, but they might be worth considering in very specific situations, such as:
- Plan A: Minimal coverage - only covers basic Part A and B coinsurance. Often the lowest-cost option, but not typically recommended unless you're on a very tight budget and willing to take on significant risk.
- Plan B: Slightly better than A, adds coverage for the Part A deductible - but still lacks other key protections.
- Plan D: Covers nearly everything except excess charges and the Part B deductible - less common since Plan G is usually a better value.
- Plan M: Shares 50% of the Part A deductible with you - lower premium, but higher risk if you’re hospitalized.
Bottom Line: These plans might appear in your quotes depending on your location, but in our experience working with Texans, Plan G, Plan N, and HDG offer the most value for the majority of people.
If one of the lesser-known plans makes sense for your situation, a licensed agent can walk you through when and why.
Cost of Mutual of Omaha Medicare Supplement Plans in Texas
When you're shopping for a Medicare Supplement plan, price matters — but so does stability. Mutual of Omaha strikes a good balance.
While they may not always be the cheapest option on the market, they consistently land in the top 3 for affordability in many Texas counties.
Here’s what you should know about how their pricing works.
How Mutual of Omaha Pricing Works
Mutual of Omaha uses an attained-age pricing model - which means your premium is based on your current age and will increase as you get older.
This is common among Medigap carriers in Texas, but it’s something to keep in mind when planning long-term.
That said, they’ve built a strong reputation for reasonable, predictable rate increases.
Many of our clients report annual bumps that are modest and manageable - not the kind of steep jumps some lesser-known insurers are known for.
Discounts You Might Qualify For
If you live with another Medicare-eligible adult (a spouse or even a sibling), you may qualify for a household discount, often up to 12%.
That savings adds up quickly and can make their premiums even more competitive.
There are no hidden enrollment fees or "gotcha" costs. What you see is what you pay.
When to Expect Rate Increases
Like all Medigap carriers, Mutual of Omaha reviews their premiums annually.
Most of the time, you’ll see rate increases around your birthday or during the company’s scheduled review cycle.
These are based on both age and the company’s overall claims history in your area.
Prices for the Most Popular Plans in Texas
If you’re considering Mutual of Omaha in Texas, here’s what you can expect to pay for their most popular Medicare Supplement plans in 2026 (based on a 65-year-old nonsmoking applicant):
How Mutual of Omaha Compares on Cost
While Mutual of Omaha is a top-rated and dependable carrier, it's important to know that they are one of the more expensive options in Texas - particularly for Plans G and N.
If budget is a key concern, other strong competitors like Cigna or Humana often offer similar coverage at lower monthly premiums, especially in metro areas like Dallas, Houston, and San Antonio.
Final Word on Pricing
You're paying a little more with Mutual of Omaha - but you're also getting a trusted brand, fast claims service, and long-term stability.
For many Texans, that peace of mind is worth the extra $10–$20/month.
But for those prioritizing price over brand, there are definitely more affordable carriers out there.
Customer Service and Claims Processing: What You Should Know
When it comes to Medicare Supplement insurance, smooth claims and reliable service matter - especially when you need care.
Mutual of Omaha continues to deliver well in both areas.
Mutual of Omaha: Key Takeaways
- Fast claims turnaround – Most Medicare claims are processed within just a few days.
- U.S.-based support – Representatives are knowledgeable, friendly, and easy to reach.
- Online account access – Manage your policy, view documents, and check claim status through their user-friendly portal.
- Top-tier financial strength – Mutual of Omaha consistently earns A+ ratings or higher from AM Best, reinforcing their stability.
Financial Stability: Can You Rely on Mutual of Omaha Long-Term?
Absolutely. Mutual of Omaha has been in business for over 100 years, making them one of the most experienced and financially solid insurance providers in the country.
- Founded in 1909, they’ve weathered every major healthcare and economic shift.
- Rated A+ (Superior) by AM Best and consistently strong marks from other rating agencies.
- They maintain a conservative financial strategy, ensuring long-term solvency and the ability to pay claims.
For Texans who value reliability, experience, and peace of mind, Mutual of Omaha is a carrier you can count on for the long haul.
Mutual of Omaha vs. Cigna: Which Is Better?
Mutual of Omaha and Cigna are two of the most well-known Medigap providers in Texas.
We've helped hundreds of Texans compare these carriers, and while both offer reliable coverage and a strong reputation, the deciding factor for most people often comes down to monthly premiums.
Medicare Supplement Cost Comparison (2026)
Here’s a side-by-side look at current estimated premiums for a 65-year-old nonsmoker in Texas:
Premiums are one of the most important comparisons when choosing a Medigap company - because the benefits are 100% standardized by law.
That means Plan G from Mutual of Omaha gives you the exact same coverage as Plan G from Cigna.
Once you're confident you're choosing a reputable company, it makes sense to go with the one that offers the lowest price for your area and age group.
Our Recommendation: Cigna (or Humana)
While Mutual of Omaha is extremely dependable - with a great history of service and stable pricing - Cigna tends to offer better value in 2026 for many Texans.
Lower monthly premiums across multiple plans make Cigna one of our go-to picks, especially if you’re:
- Just turning 65
- In good health
- Looking to lock in affordable long-term coverage
Humana is another company we often recommend for similar reasons - competitive pricing and strong nationwide access.
Final Thoughts
Choosing a Medicare Supplement plan in Texas is a big decision - and Mutual of Omaha stands out as a carrier that brings reliability, competitive value, and peace of mind to the table.
With over a century of experience and a strong foothold in the state, Mutual of Omaha offers plans that are easy to understand, fairly priced, and supported by top-tier customer service.
Their Plan G remains a favorite among Texans for its balance of coverage and cost, while Plan N and High-Deductible G provide smart alternatives for those with specific financial or healthcare needs.
Yes, you may pay a bit more for the Mutual of Omaha name compared to some competitors like Cigna or Humana. But what you get in return - financial strength, predictable rate increases, and consistently positive customer experiences - can be well worth the premium for many.
Ultimately, the best plan is the one that fits your health needs, your budget, and your peace of mind.
Whether you’re new to Medicare or considering a switch, Mutual of Omaha is a carrier we confidently recommend exploring as part of your comparison.
Need help narrowing things down? A licensed Medicare advisor can walk you through quotes, discounts, and side-by-side comparisons - so you can enroll with confidence.
FAQs
Yes, you can switch to a Mutual of Omaha Medicare Supplement plan at any time - but if you’re outside of your Medigap Open Enrollment Period, you’ll likely need to answer some health questions. This is called underwriting, and approval isn’t guaranteed. The best time to switch is when you’re healthy or during a guaranteed issue situation.
Mutual of Omaha’s Medigap plans don’t include dental or vision coverage automatically. However, they do offer optional dental and vision insurance you can add separately. These add-ons are reasonably priced and can be bundled with your supplement for convenience.
Yes. All Medigap plans - including those from Mutual of Omaha - are federally standardized. That means Plan G offers the exact same benefits no matter which company you choose. The only differences are price, rate history, customer service, and extras.
Both plans offer the same benefits, but High-Deductible Plan G (HDG) requires you to pay $2,950 out-of-pocket in 2026 before coverage kicks in. In exchange, the monthly premium is much lower. HDG is great for healthy individuals who want coverage for major events without paying a high premium every month.
Like all Medigap companies, Mutual of Omaha adjusts rates annually. The good news is they have a solid track record of modest, predictable increases - not the steep spikes we sometimes see with lesser-known insurers.
With nearly 15 years of experience in the insurance industry, Matt Kiggins is the Senior Editor at Texas Insurance Guide and a seasoned Health & Life Agent licensed in multiple states, including Texas (#1585860). He is also the co-founder of Policy Guide, a respected insurance agency based in Pensacola, FL. Matt has built his career on one simple principle: people deserve clear, honest guidance when making some of life’s most important healthcare decisions.
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