Physician's Mutual was started in Omaha, Nebraska, in 1902 by Edwin E. Elliott and offered medical and dental insurance. Until 1962, the company only offered insurance to doctors and dentists. Because of the company's reputation, many Americans signed up for coverage when Physician's Mutual insurance became available to the public.Continue Reading
The company has seen many historical American events since it began, such as the flu epidemic of 1918, the Great Depression, changing health-centered laws and health care crises. Management of the company changed from Edwin Elliot to his son Loring, who implemented a board of directors comprised of physicians and surgeons. Robert Reed took over as the company's chief executive officer in 1974, a position he still holds, as of 2015.
In 1967, the company began to expand its reach by adding a large work force of career agents to their payroll. By 1970, the company expanded its insurance coverage to include life insurance. In 2012, they began to offer funeral pre-planning to funeral homes and the families who use them. As of 2015, there are about 1,000 agents nationwide who sell Physician's Mutual insurance policies. The health and dental policies provide general and supplemental products that cover cancer, long-term care and Medicare supplements. There are packaged insurance products for both individuals and small business employees.Learn more about Health Insurance