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Mutual of Omaha Medigap Review 2026: Four Companies, One Brand — State-by-State Report

By Anthony Orner, Licensed Medicare Insurance Broker · Data as of 2026-07-15

Mutual of Omaha Medicare Supplement policies are issued by one of four legally separate insurance companies under the Mutual of Omaha brand, depending on your state: Mutual of Omaha Insurance Company, United of Omaha Life Insurance Company, Omaha Insurance Company, or Omaha Supplemental Insurance Company. All four carry an AM Best A+ (Stable) financial strength rating.

The Mutual of Omaha brand has the highest name recognition of any Medigap carrier we cover. The pricing data does not match the brand reputation. Across every state we reviewed with current quote data, Mutual of Omaha Plan G is 73% to 105% more expensive than the cheapest Plan G in the same state for identical federally-standardized benefits. Escalating rate increases of +19% to +30% hit Mutual of Omaha policyholders in 2024-2025, and a fresh round of +19% to +25% filings took effect in mid-2026, with loss ratios still near or above 100% — meaning more rate pressure is likely.

Last reviewed: July 2026 · CSG Actuarial rate & market data

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Why Mutual of Omaha Has Four Companies (And Why It Matters)

When you receive a Mutual of Omaha Plan G or Plan N quote, your policy is issued by one of four legal entities depending on your state of residence. They share the Mutual of Omaha brand and the same A+ AM Best financial strength rating — but they have different NAIC company codes, different rate-filing histories, and different loss-ratio trajectories. The brand reputation is consistent across the family. The pricing and rate-history experience is not.

More importantly: the data is not flattering. Across every state we have current quote data for, Mutual of Omaha Plan G is the most expensive single carrier we cover in our reviews. The Texas premium of $266/month at age 65 is $136 above the cheapest Plan G in the state for the same benefits; over 20 years of attained-age increases that gap compounds into tens of thousands of dollars. The brand recognition does not translate to better coverage — all Medigap plan letters are federally standardized.

Loss ratios — claims paid divided by premiums collected — tell us why rates keep rising. When a carrier's loss ratio approaches or exceeds 100% in a state, they are losing money on that block of business and will file for a rate increase. Healthy policyholders shop around and switch out, leaving the sicker pool, raising the loss ratio further. Mutual of Omaha's loss ratios across the family are consistently 86%-97% in 2025 in our reviewed states despite three years of rate hikes. That suggests pricing has not caught up to claims experience and more increases are likely.

The Four Mutual of Omaha Medigap Companies

Mutual of Omaha Insurance Company

  • NAIC: 71412
  • Established: 1966
  • AM Best: A+ (Stable)
  • Issues Medigap in our review: Texas (and New Jersey, off-sample)

United of Omaha Life Insurance Company

  • NAIC: 69868
  • Established: 2008
  • AM Best: A+ (Stable)
  • Issues Medigap in our review: Pennsylvania

Omaha Insurance Company

  • NAIC: 13100
  • Established: 2012
  • AM Best: A+ (Stable)
  • Issues Medigap in our review: North Carolina

Omaha Supplemental Insurance Company

  • NAIC: 16537
  • Established: 2019
  • AM Best: A+ (Stable)
  • Issues Medigap in our review: Ohio
About attained-age pricing: Every Mutual of Omaha entity uses attained-age pricing. Your premium increases every year as you age, in addition to any filed rate increase. Over a 15-20 year Medigap tenure, attained-age pricing compounds dramatically versus issue-age or community-rated alternatives.

State-by-State Report Cards

Each card shows current Plan G premium for a 65-year-old female non-tobacco user, Mutual of Omaha's market rank, every filed rate increase in our data, and the loss-ratio trend. As of 2026-07-15 via CSG Actuarial.

Pennsylvania (PA)

Issued by United of Omaha Life Insurance Company (NAIC 69868)

Plan G @ 65 F
$248.26/mo
Market Spread
$137.68 – $295.51
Median $197.50 · 28 carriers
Mutual of Omaha Rank
26 of 28
+80.3% above cheapest Plan G

Filed Rate Increases (Pennsylvania, Plan G)

Effective DateFiled Increase
2022-06-01+3%
2023-06-01+5%
2024-05-15+12%
2025-06-01+19%
2026-05-15+19%

Loss Ratio Trend (Pennsylvania)

YearPolicyholdersLoss Ratio
202310,303124% ⚠
20249,39793%
202511,88896%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for Pennsylvania: Five consecutive annual rate increases of 3% → 5% → 12% → 19% → 19%, the latest effective May 2026. Loss ratio peaked at 124% in 2023 and is back near 100% despite the hikes. Ranks 26 of 28 carriers; you're paying 80.3% above the cheapest Pennsylvania Plan G for identical benefits. Compare carriers before choosing.

New Jersey (NJ)

Issued by United World Life Insurance Company (NAIC 72850)

Plan G @ 65 F
$198.29/mo
Market Spread
$147.88 – $260.98
Median $181.62 · 18 carriers
Mutual of Omaha Rank
13 of 18
+34.1% above cheapest Plan G

Filed Rate Increases (New Jersey, Plan G)

No rate increases on file with CSG for the Plan G product line in New Jersey as of 2026-07-15 (the entity has a small Medigap block in NJ but no recent state filings in our data).

Loss Ratio Trend (New Jersey)

YearPolicyholdersLoss Ratio
202387263%
202486877%
202559786%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for New Jersey: In New Jersey the Omaha family sells under a name most people will not recognize: United World Life Insurance Company (NAIC 72850, AM Best A+). It files $198.29 for Plan G at 65 — rank 13 of 18, about 34% above the state's cheapest filing and 9% above the NJ median — and $138.46 for Plan N, rank 11 of 19. A separate sibling, Mutual of Omaha Insurance Company (NAIC 71412), runs its own smaller NJ block whose loss ratio climbed from 63% (2023) to 86% (2025) across 597 lives in 2025. Same brand family, different companies, different books. Call 855-559-1700 and we will quote whichever Omaha entity is licensed for you alongside every other NJ carrier.

Ohio (OH)

Issued by Omaha Supplemental Insurance Company (NAIC 16537)

Plan G @ 65 F
$204.05/mo
Market Spread
$118.17 – $342.84
Median $179.81 · 32 carriers
Mutual of Omaha Rank
25 of 32
+72.7% above cheapest Plan G

Filed Rate Increases (Ohio, Plan G)

Effective DateFiled Increase
2024-04-01+6%
2025-04-01+30%
2026-05-01+25%

Loss Ratio Trend (Ohio)

YearPolicyholdersLoss Ratio
20236,489194% ⚠
20244,11283%
202516,23197%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for Ohio: +30% rate filing effective April 2025 — the largest single-year filing in our review — followed by another +25% effective May 2026. The 2023 loss ratio of 194% (claims nearly double premiums) explains why. With the new filing in effect, Omaha Supplemental ranks 25 of 32, costing 72.7% above the cheapest Plan G. The rebalance hasn't held — expect more pressure.

North Carolina (NC)

Issued by Omaha Insurance Company (NAIC 13100)

Plan G @ 65 F
$184.64/mo
Market Spread
$101.84 – $315.20
Median $156.00 · 29 carriers
Mutual of Omaha Rank
25 of 29
+81.3% above cheapest Plan G

Filed Rate Increases (North Carolina, Plan G)

Effective DateFiled Increase
2022-05-01+2.99%
2024-05-01+12%
2025-04-01+25.01%
2026-05-01+20%

Loss Ratio Trend (North Carolina)

YearPolicyholdersLoss Ratio
202317,727116% ⚠
202416,01892%
202522,50895%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for North Carolina: Four rate filings in four years: +25.01% effective April 2025 and another +20% effective May 2026. The 2023 loss ratio of 116% triggered the cascade. With the new filing, ranks 25 of 29 carriers; you're paying 81% above the cheapest NC Plan G. Membership grew despite the increases (16k → 22k) but loss ratio remains at 95% — more rate pressure likely.

Texas (TX)

Issued by Mutual of Omaha Insurance Company (NAIC 71412)

Plan G @ 65 F
$266.26/mo
Market Spread
$129.92 – $284.86
Median $194.91 · 24 carriers
Mutual of Omaha Rank
21 of 24
+104.9% above cheapest Plan G

Filed Rate Increases (Texas, Plan G)

Effective DateFiled Increase
2023-07-01+5%
2024-04-15+12.5%
2025-06-15+25%
2026-07-01+25%

Loss Ratio Trend (Texas)

YearPolicyholdersLoss Ratio
202342,924103% ⚠
202437,89395%
202565,63897%

Loss ratio = claims paid ÷ premiums collected. Source: CSG Actuarial, as of 2026-07-15.

Our verdict for Texas: Worst value in our review. Mutual of Omaha Plan G in Texas is now 104.9% more expensive than the cheapest Plan G ($266 vs $130) — more than double the price for identical federally-standardized benefits. Back-to-back +25% filings (June 2025 and July 2026) followed +12.5% in 2024 and +5% in 2023, an escalating cadence. Loss ratio still at 97% in 2025 despite the hikes. The Texas Medigap market has 24 carriers; Mutual of Omaha ranks 21st. Strongly compare alternatives.

Plan G and Plan N with Mutual of Omaha

Mutual of Omaha offers Plan G, Plan N, and High-Deductible Plan G across most of its state footprint. Because all Medigap plan letters are federally standardized, a Mutual of Omaha Plan G covers the same services as any other carrier's Plan G. The only differences are premium, rate-increase history, and the underlying legal entity issuing your policy.

Mutual of Omaha's competitive advantage isn't price — the data shows they consistently price well above the state-by-state market low. Their advantage is brand recognition, A+ financial strength, and a household discount that varies by state (typically 7-12% when both spouses enroll). For consumers who value the brand and are willing to pay 73-105% above the cheapest carrier for the same benefits, Mutual of Omaha is a defensible choice. For shoppers comparing on cost and rate stability, the data points elsewhere.

How to Apply for Mutual of Omaha Medigap

Because Mutual of Omaha's pricing is consistently above the state-by-state Plan G cheapest, we recommend running a full multi-carrier comparison before choosing. If after seeing the alternatives you still prefer Mutual of Omaha for the brand recognition and A+ rating, that's a defensible choice — but make it with full visibility into what you're paying versus the available options.

Applying online at healthplans.now takes most people under 15 minutes and compares Mutual of Omaha alongside every other carrier in your area. Federal law gives you a 30-day free look period after any Medigap policy is issued; you can review and cancel for a full refund of premium paid.

Compare & Apply at healthplans.now →

Frequently Asked Questions

Questions About Mutual of Omaha Medigap? Talk to a Licensed Broker — 855-559-1700

Data sources & methodology. All carrier rates, filed rate increases, and historical loss-ratio data on this page are sourced from the CSG Actuarial API as of 2026-07-15. Loss ratios are computed from CSG's state-level market data (claims ÷ premiums per state per year). Current Plan G premiums reflect a Female 65 non-tobacco applicant at a flagship ZIP in each state (Philadelphia 19103, Cherry Hill 08002, Cleveland 44101, Charlotte 28202, Houston 77002). Rates in smaller ZIPs may differ.

Disclosure. This page is published by MedicareYourself, a brand of EasyKind Medicare. We are a licensed independent Medicare insurance broker. We do not offer every plan available in your area. Any information we provide is limited to the plans we offer in your area. Please contact Medicare.gov or 1-800-MEDICARE (TTY 1-877-486-2048), 24 hours a day, 7 days a week, to get information on all of your options. Plan availability, plan letters, and premiums vary by state and are subject to state Department of Insurance rate filings.

Medicare has neither reviewed nor endorsed this information. 2026 Medicare figures: Part B premium $202.90/month, Part B deductible $283, Part A deductible $1,736.