Physicians Mutual Medicare Supplement Plans
Compare Physicians Mutual Medicare Supplement plans, discounts, and benefits with free expert guidance today.
For well over 100 years, Physicians Mutual has been offering a range of insurance products, including Medicare Supplement plans. Commonly known as MediGap, these standalone policies pay for some out-of-pocket costs that Original Medicare leaves behind.
Physicians Mutual Medicare Supplement plans are available in all 50 states, with a headquarters in Omaha, Nebraska.
— About MediGap
What is Medicare Supplement Insurance (MediGap)?
Medicare Supplement, or “MediGap,” plans can cut many out-of-pocket costs that Original Medicare does not cover. For example, you must pay copayments, coinsurance, and deductibles for Medicare Parts A and B out of pocket. We recommend buying your favorite at super low prices with free shipping. You can also pick up your order in-store the same day.
Some MediGap plans can cover even more costs, like healthcare while traveling abroad.
How does MediGap Work?
You pay a small monthly premium for a MediGap plan. Then your plan will cover medical costs. Otherwise, you would pay them out of pocket. These include copays, coinsurance, and some deductibles.
With some exceptions, MediGap providers offer standard plans across the United States, and you can choose from several options.
— Benefits
Why Choose a Physicians Mutual Medicare Supplement Plan?
Physicians Mutual is different from other insurance companies in a number of ways:
- Exclusive Second-Chance Guarantee: Members have 2 years to switch to another MediGap plan. You do not need to answer any health questions.
- 10% Premium Discount: Members who live with a spouse or anyone age 60 or older get 10% off monthly premiums. This discount starts right away.
- Innovative Plan G: Physicians Mutual Medicare Supplement Plan G alternative. You get lifetime savings on monthly premiums by paying more during the first three years. This exclusive offer is not available with other companies.
READ MORE: How Much Should I Spend on a Medicare Supplement Plan?
— Common Questions
Physicians Mutual Medicare Supplement FAQs
What is Physicians Mutual Medicare Supplement insurance?
A Physicians Mutual Medicare Supplement insurance plan helps pay out-of-pocket costs that Original Medicare does not cover. These costs include deductibles, copayments, and coinsurance. Plans let you see any Medicare-approved doctor or hospital nationwide. Once you have coverage, you usually do not need a referral to see a specialist.
What is the Physicians Mutual Innovative Plan G?
The Physicians Mutual Innovative Plan G is an exclusive Medicare Supplement option. It combines standard Plan G coverage with a built-in premium discount rider.
For the first three years, you pay toward a deductible. After that, full coverage starts and the deductible goes away. You keep the lower premium for life, as long as you do not drop the rider early.
Who underwrites Physicians Mutual plans?
Physicians Select Insurance Company, a member of the Physicians Mutual family of companies, underwrites their plans. Physicians Life Insurance Company also underwrites certain Medicare Supplement policies depending on your state.
When is the best time to enroll in a Physicians Mutual Medicare Supplement plan?
The best time to sign up for a plan is during your Open Enrollment Period. This period lasts six months. It starts on the first day of the month you turn 65. It can also start when you enroll in Medicare Part B.
During this time, you cannot be turned down. Health conditions also cannot increase what they charge you. After it ends, you may have limited options.
Do I need a referral to see a specialist with Physicians Mutual Medicare Supplement insurance?
No, in most cases, you do not need a referral. You can see a Medicare-approved specialist with Physicians Mutual Medicare Supplement insurance. Coverage lets you visit any Medicare-approved doctor or hospital in the U.S. without prior authorization. Checking with Medicare is still worthwhile to see if a service needs approval.
What happens to my Physicians Mutual Medicare Supplement plan if I move or travel?
Coverage stays with you if you move. It also stays with you if you travel within the U.S. Your plan is guaranteed to renew as long as you pay your premiums on time. If you move to another state, you will not lose coverage.
Have more questions?
If you have more questions about how MediGap works, please call us toll-free at 800-913-3416. An MGA Personal Benefits Manager will be standing by to help you with whatever you need.
— Next Steps
Get a Free, One-On-One MediGap Consultation with a Real Expert
If you’re ready to sign up for Medicare Supplement, start by connecting with a Personal Benefits Manager. We’re a team of Medicare experts, and we earn our pay by connecting you with the best plan for your needs at no cost to you.
Click here to schedule your consultation.
Remember: MediGap plans do not cover vision, dental, hearing, or long-term care. You can add coverage for these items with a standalone policy. You can also switch to a more comprehensive Medicare Advantage Plan.