We have Mutual of Omaha as our secondary. Turned 65 this spring and really have little background in any of this over 65 stuff.
AARP was cheaper for me (male)
M of O was cheaper for my wife
M of O was cheaper for couple.....7% discount.
Sorry the below is copied from am Excel file and is a liittle garbled in translation
ESTIMATED IMPACT OF AGING ON PREMIUMS
MALE FEMALE COUPLE(*)
AARP M of O AARP M of O AARP M of O
65 $122.67 $127.51 $122.67 $121.14 $245.34 231.24
70 $175.25 $154.90 $175.25 $140.96 $350.50 275.15
75 $192.77 $192.78 $192.77 $165.80 $385.54 333.48
80 $192.77 $214.11 $192.77 $182.00 $385.54 368.38
85 $192.77 $222.97 $192.77 $200.68 $385.54 393.99
65-85 $175.25 $182.45 $175.25 $162.12 $350.49 $320.45 $7,210 COST
AVOIDANCE
MofO ATTAINED AGE RATING
AARP COMMUNITY RATING
(*) ASSUMES 7% M OF O DISCOUNT WILL ALWAYS APPLY??
Notes from my Excel file.
Attained-age policies are popular because consumers like their low initial rates, says Tom Gilsdorf, Medigap product manager for Mutual of Omaha. In fact, they're so popular, they dominate the Medigap marketplace. With a few exceptions, Mutual of Omaha, a major seller, offers nothing else. The exceptions are for issue-age policies the company sells in states that require it or that have banned attained-age pricing.
This year, Mutual of Omaha held its premium increases to 6.5%. The company sells Plans A, C, D and F. Depending on the plan and how old you are, a proportion--15% to 45%--of the hike is determined by age. The remaining increase is a response to the rising cost of medical care. For instance, if you buy a policy at age 65, your initial premium is frozen for two years. From age 67 through age 80, the premium will be adjusted upward by 1% to 3% annually for age.
site:http://moneycentral.msn.com/content/Insurance/P45537.asp Community-rated policies are similar to issue-age versions, except that everyone in the same area pays the same price regardless of age (AARP, however, generally provides a discount -- up to 20% -- until about age 68). Once you buy, premiums will not rise simply because you get older.
Archer of the Medicare Rights Center says, "In 13 years, I've heard fewer than five complaints about medigap policies, because they work automatically. If Medicare pays 80%, then medigap kicks in 20%."
The above and $1.25 will get you a coffee. The results may screwed by where you live in the U.S.