This article is for informational purposes only and is not affiliated with or endorsed by Physicians Mutual Medicare Supplement or any subsidiaries.
Physicians Mutual Insurance Company is widely recognized for offering a range of insurance products, including life, dental, and health insurance. In addition to these services, Physicians Mutual also provides Medicare Supplement Insurance, commonly known as Medigap.
This article focuses exclusively on Physicians Mutual's Medicare Supplement offerings, providing clear, factual information to help you better understand their plans and how they work alongside Original Medicare.
What is Medicare Supplement Insurance (Medigap)?
Medicare Supplement Insurance is private insurance designed to help cover certain out-of-pocket costs not paid by Original Medicare (Parts A & B). These costs can include:
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Deductibles
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Copayments
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Coinsurance
Medigap policies are standardized by the federal government and labeled by plan letters, such as Plan A, Plan G, and Plan N. Each plan offers the same benefits regardless of the insurer, meaning a Plan G from one company provides the same core coverage as a Plan G from another.
The key differences between insurers typically involve:
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Monthly premium costs
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Customer service
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Additional non-Medicare perks
Physicians Mutual offers a selection of standardized Medigap plans to help cover expenses not paid by Original Medicare. Like all insurers offering Medigap, Physicians Mutual must comply with federal and state regulations governing these plans.
Key Features of Physicians Mutual Medigap Plans:
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Standardized Coverage: Consistent with federal guidelines.
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Nationwide Acceptance: Use your plan with any doctor or hospital that accepts Medicare.
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Guaranteed Renewable: Coverage cannot be canceled as long as premiums are paid on time.
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No Network Restrictions: Freedom to choose any Medicare-approved provider.
Which Medicare Supplement Plans Does Physicians Mutual Offer?
Physicians Mutual typically offers a range of popular Medigap plans. While availability can vary by state, common plans include:
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Plan A: Covers basic benefits.
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Plan F: Offers the most comprehensive coverage (only available to those first eligible for Medicare before January 1, 2020).
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Plan G: Comprehensive coverage minus the Medicare Part B deductible.
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Plan N: Lower premium option with some cost-sharing for office visits and emergency room visits.
Things to Consider Before Choosing Physicians Mutual Medicare Supplement
When evaluating a Medigap plan from Physicians Mutual—or any insurer—consider the following:
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Plan Availability: Confirm which plans are offered in your state.
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Premium Costs: Compare Physicians Mutual’s rates with other insurers offering the same plan letter.
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Rate Increase History: Research how often and by how much premiums have increased over time.
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Customer Support: While this guide is neutral, reviewing independent customer feedback may provide insights into service quality.
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Additional Benefits: Some insurers provide extra perks, such as discounts on vision or hearing services, though these are not part of the standardized Medigap coverage.
When to Enroll in a Physicians Mutual Medigap Plan
The ideal time to enroll in a Medicare Supplement plan is during your Medigap Open Enrollment Period. This six-month window begins when you're both:
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Age 65 or older, and
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Enrolled in Medicare Part B.
During this period, you have guaranteed issue rights, meaning Physicians Mutual (or any insurer) cannot deny you coverage or charge higher premiums due to pre-existing conditions.
After this window, applications may be subject to medical underwriting, depending on your state.
Plans by Physicians Mutual Medicare Supplement may not be available in all states. MedicareSupplementOptions.com does not offer plans from Physicians Mutual Medicare Supplement. This page is presented for informational purposes only for consumers to learn basic information about recognized Medicare Supplement Insurance Carriers. This article does not represent any relationship or affiliation with Physicians Mutual Medicare Supplement.