Medical Mutual Medicare Supplement Review
DETAILS OF MEDICAL MUTUAL MEDICARE SUPPLEMENT AND QUOTE COMPARISONS
Medical Mutual is a non-profit mutual organization that concentrates on taking care of its policyholders instead of stockholders. It started in Ohio in 1934 and has since expanded to several other states, making it one of the oldest insurance companies in the U.S. Medical Mutual is also the oldest and largest health insurance company in Ohio, and one of the oldest in the United States.
In today’s volatile market with the introduction of the Affordable Care Act, the government has imposed many new restrictions on Medicare benefits and minimum requirements have forced some health insurance companies to out of the Federal Marketplace. Medical Mutual remains one of the most stable health insurance companies in the nation.
In addition to being the largest and oldest health insurance company in Ohio, Medical Mutual also supports many charitable organizations by making financial contributions, volunteerism and sponsorships in the communities they serve.
Every year in Cleveland, Columbus and Toledo, Medical Mutual honors and recognizes senior citizens who selflessly devote their time and caring to There have been over 1,500 seniors across Ohio whose active volunteerism and personal sacrifice since have been saluted since the early 1980’s.
By the end of 2011, Medical Mutual had absolutely no debt, assets of $1.6 billion and over 1.5 million policy holders. They do not pay agencies like A. M. Best or Weiss to financially rate them because those indicators at times, can conflict with the basic principal of a mutual company, which is do what’s in the best interest of the policyholder. From time to time an independent agency will assign a rating based on financial statements filed with the departments of insurance.
Why consider the Medical Mutual Medicare Supplement?
Medical Mutual Medicare rates are extremely competitive and one of the best Medicare Supplement companies. In Ohio, there is only one rate per age. It makes no difference if you are male or female, a tobacco user or just not quite in perfect health. Most companies in charge a different premium based on gender and tobacco status. Once you have be approved and issued, there is no pre-existing waiting period.
If you enroll any time other than your Medicare Open Enrollment or a Guaranteed Issue period, some companies impose a 3 to 6 month waiting period to pay claims on anything you were treated for in the recent past. Even though you passed all the health questions and/or qualifications, your claims may not be covered in the beginning when you have a waiting period.
Medical Mutual offers plans A,C,F, High Deductible F (HDF), G and N. So when a senior is looking to compare companies and are shopping for a Medigap plan, some companies offer additional benefits or “value added services”.
Staying Healthy
When you become a Medical Mutual policyholder, you are automatically entitled to a Silver Sneakers membership at no additional cost. This gives you access to over 13,000 fitness centers throughout the nation. If you’re a traveler, snow bird or just someone who just wants a little variety, feel free to go to as many facilities as you like, as often as you like.
Medical Mutual is committed to keeping you healthy and this is a huge cost savings to the policyholder. A gym membership can cost about $300 to $500 per year per person that is just savings into your pocket. There are many facilities including the YMCA, Curves and other community centers even when you’re out of town on vacation. Call Silver sneakers directly to find out if your area fitness center is part of the plan at (888) 423-4632 or go on line to silversneakers.com.
Get in when you are first eligible! Not everyone will qualify for the Medical Mutual but they are a great company to look at for a number of underwriting reasons. In other words, if you have some health conditions that other companies would not accept you, or YOU don’t think you’re healthy enough, talk to your independent agent about this possibility.
Medical Mutual Subsidiaries
Medical Mutual offers a variety of products to individuals and companies in 45 other states and Washington, D.C. Medical Mutual’s products include Medicare Supplements (Medigap), Home Health Care Insurance, Dental, and Specified Disease plans. Here’s a list of their subsidiaries.
MedMutual Protect
Their Medicare Supplement product in states other than Ohio. They also offer Home Healthcare and Indemnity medical policies. Medical Mutual acquired Reserve National Insurance Company, formerly Kemper Health, and is now known as MedMutual Protect. The purchase of Reserve National now gives Medical Mutual a national presence in almost all U.S. states.
Bravo Wellness
Employee wellness programs. This helps employers maintain competitive benefits and control long-term healthcare costs, focusing on risk prevention and reduction.
ESI Employee Assistance Group
An employee assistance program, offering an array of online training seminars, employee coaching, and a self-help center.
Medical Mutual Services LLC
Medical Mutual Services LLC is the branch that leases the provider network in Ohio and Boone, Kenton, and Campbell counties in Kentucky. It also administers claims processing and customer services for all of Medical Mutual’s health savings accounts (HSA), flexible spending accounts (FSA), and health reimbursement accounts (HRA).
Medical Health Insuring Corporation of Ohio
Medical Health Insuring Corporation of Ohio (MHICO) is a licensed insurance company used as a platform for Medical Mutual’s HMO products, as well as individual health, dental, vision, and Medicare Supplement offerings.
MedMutual Life Insurance Company
Group life and disability products. Including basic life, accidental death and dismemberment, voluntary life, short- and long-term disability, family and medical leave administration, and indemnity/accident/critical illness.
Mutual Health Services
An unincorporated but separately branded division of Medical Mutual Services LLC that provides specialty third-party claims processing to self-funded groups seeking design and product flexibility. Customers partner with Mutual Health Services for care management, prescription drug, and stop-loss services. In addition, Mutual Health Services offers state-of-the-art, web-based analytics and reporting that deliver actionable information to help employers understand, predict, and lower benefit costs.
Superior Dental Care
Dental benefit plans with the option of in or out-of-network access.
Paramount
A health insurance company that offers Medicare Advantage Plans, large and small group commercial plans, individual health insurance plans on the federal health insurance exchange, and short-term plans.
Medical Mutual, the oldest insurance company in Ohio is a mutual company. They’re owned by members so they don’t have stockholders or pay dividends to investors. They’re focused on the products and services that benefit customers and their communities.
Health Conditions that Medical Mutual may consider
• Hospital confinement in the last twelve months for 5 consecutive days or less, or more than 2 times in last 24 months.
• Use of a walker
• Been told by a medical professional that you will need to be admitted to any facility within the future but not within the next 6 months.
• Diabetes without complications such as neuropathy or glaucoma
• Vascular disease
• Kidney Disease without dialysis
• Pulmonary embolism and asthma
• Multiple Sclerosis or ALS (amyotrophic lateral sclerosis)
• Hepatitis
• Dementia
Health Conditions that will automatically be declined
(Includes all of the following conditions that you thought you should have sought medical treatment for, been treated or tested for or have future surgery recommended for in the last three years)
• Currently hospitalized or confined to a Nursing or extended care facility, or confined for more than five days in a row.
• Medically advised you will be confined to a hospital, nursing or extended care facility within the next six months.
• TIA or Stroke in the
• Emphysema or any form of COPD (Chronic Obstructive Pulmonary Disease)
• HIV, AIDS or ARC treatment or diagnosis
• Alzheimer’s Disease
• Mental Disorders
• Cirrhosis of the liver
• Internal Cancer or Malignant Melanoma
• Kidney Dialysis
• Joint Replacement or a bone disorder
• Confined to a wheelchair