GPM Health and Life
One Medicare Supplement company we receive a lot of questions about is GPM Health and Life. They are one of the many top rated Medicare Supplement insurers that you can purchase from.
When you’re turning 65 (or if you are already enrolled in Medicare), then you may understand some of the expenses that Medicare covers. It’s a pretty long-list of services.
However, the Medicare program won’t pay for all of your expenses you may run into. When buying a Medigap plan, you need to find the plan type that’s best for you and your budget.
One one side, you need to find the most affordable plan available. On the other side, you need to choose a company who has a history of providing quality service and coverage to their customers. Is GPM Health and Life the right choice for you?
Let’s find out.
About GPM Health and Life
What does GPM stand for? GPM Health and Life Insurance Company got its start in 1934 & is known as Government Personnel Mutual Life Insurance Company. This insurer has set several standards in the insurance industry. One of which is when the founder’s wife took over leadership of GPM in 1938, when her husband unexpectedly died.
Over the 8 decades that GPM Life has been in the insurance business, they have paid approximately $1.5 billion in benefits to their policy holders.
Finacial Rating
GPM Health and Life is committed to maintaining superior financial strength. As of December 31, 2019 they have Invested Assets totaling $781,031,479 and Total Assets of $812,131,683.
GPM Ratings On Medicare Supplements
- A.M. Best: A-
- Standard & Poor’s: N/A
- Moody’s: N/A
- Better Business Bureau: A+
GPM medicare supplement rates
How much will GPM Medigap plans cost? GPM Medicare Supplement plans will vary in price depending on factors such as your gender, location, age, tobacco use and sometimes your health. To give you an idea of the costs of the most popular plans F, G, and N we can provide you a custom quote. Get started by clicking on “GET QUOTES” on this page.
GPM Medicare Supplement Reviews
GPM Health and Life is highly recommended and one of the top Medicare Supplement companies. A GPM Medicare Supplement policy offers you the following:
- Health insurance that is Guaranteed renewable
- National coverage (see any physician, hospital or specialist that accepts Medicare)
- Most Medigap plans have some foreign travel coverage
- Initial 12-month rate is locked in.
- A 30-day “free look period”
What are the advantages with buying GPM Medicare plans?
- Household discount are available in some states
- Convenient e-application
- Great customer service and claims support
- Policies are issued fast (sometimes on the same day!)
- Market experience
- Fast Claims Processing
- Competitive rates
- Strong customer satisfaction
GPM Health & Life Medicare Supplement Plans
Anyone looking for excellent benefits that fill the gaps in Medicare coverage should look closely at GPM insurance.
They offer several Medigap plans. These individual Medicare Supplement plans include the most popular plans like Plan G, Plan N and Plan F.
REMEDIGAP specializes in helping find these Medigap plans for you. You’ll be able to see how GPM Health and Life Medicare supplement rates match up with some of the other insurance companies. From big-name carriers like Transamerica & Cigna to others you may not have heard of like Loyal American.
As of January 1, 2020, Plans C, F and High Deductible F cannot be sold to those newly eligible for Medicare. Newly eligible is defined as anyone who: (a) attains age 65 on or after January 1, 2020
Medicare
Below are the 3 most popular GPM Health and Life supplemental insurance plans:
GPM Insurance Plan F
GPM Insurance Plan F has been the most popular Medigap plan. The reason is because Medigap Plan F provides the most complete coverage when comparing all of the Medigap supplement plans. With GPM Health and Life Plan F, you typically don’t run into situations where you’ll have out of pocket spending towards your Medicare Part A or Part B services.
Plan F Overview
| Medicare Supplement Benefits | Plan F Covers? |
|---|---|
| Medicare Part A Coinsurance & hospital costs (up to additional 365 days after medicare benefits are used | Yes |
| Medicare Part B coinsurance or Copayment | Yes |
| Blood (first 3 pints) 3 | Yes |
| Part A Hospice care coinsurance or copayment | Yes |
| Skilled nursing facility care coinsurance | Yes |
| Part A deductible | Yes |
| Part B deductible | Yes |
| Part B Excess charges | Yes |
| Foreign travel emergency (up to plan limits) | Yes |
GPM Insurance Plan G
GPM Medicare Supplement Plan G is the 2nd most popular Medigap plan. GPM Health and Life Plan G provides all the coverage benefits of Plan F except for the Part B deductible. You’re responsible for paying for the Part B deductible.
Medigap Plan G is great for people who want to save money by simply paying the Part B deductible on their own. Plan G also has a pretty stable rate increase history.
Plan G Overview
| Medicare Supplement Benefits | Plan G Covers? |
|---|---|
| Medicare Part A coinsurance & hospital costs (up to additional 365 days after medicare benefits are used | Yes |
| Medicare Part B coinsurance or copayment | Yes |
| Blood (first 3 pints) 3 | Yes |
| Part A hospice care coinsurance or copayment | Yes |
| Skilled nursing facility care coinsurance | Yes |
| Part A deductible | Yes |
| Part B deductible | Yes |
| Part B excess charges | Yes |
| Foreign travel emergency (up to plan limits) | Yes |
GPM Insurance Plan N
Medicare Supplement Plan N comes in 3rd place when looking at overall popularity. However, Plan N has recently become very popular with the potential savings it provides.
With Plan N, you’ll get help with all of the coverage gaps except for the Part B deductible, some copayments when visiting your doctor & emergency rooms, and your excess charges.
What Do GPM Medigap Plans Cover?
All Medicare supplement policies are standardized. This simply means that you get the same benefits as someone else who has the same plan letter. To make sure you understand the benefits associated with each MOO plan, we’ve include what services Medicare pays for and what you’re responsible for.
Medicare Supplement Plan F Benefits
Part A | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1,556 | $1,556 (Part A Deductible) | $0 |
| 61st Through 90th Day | All But $389 a Day | $389 a Day | $0 |
| 91st Day and After (60 Reserve Days) | All But $778 a Day | $778 a Day | $0 |
| After Reserve (Additional 365 Days) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient Respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $233 (Part B Deductible) | $0 |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Part B Excess charge | $0 | 100% | $0 |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $203 (Plan B Deductible) | $0 |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 each calendar year | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 20% |
Medicare Supplement Plan G Benefits
Part A | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1,556 | $1,556 (Part A Deductible) | $0 |
| 61st Through 90th Day | All But $389 a Day | $389 a Day | $0 |
| 91st Day and After (60 Reserve Days) | All But $778 a Day | $778 a Day | $0 |
| After Reserve (Additional 365 Days) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $0 | $233 (Part B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Part B Excess Charge | $0 | 100% | $0 |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $0 | $233 (Plan B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 during 1st 60 days | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 20% |
Medicare Supplement Plan N Benefits
Part A | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Hospitalization | |||
| First 60 Days | All But $1,556 | $1,556 (Part A Deductible) | $0 |
| 61st Through 90th Day | All But $389 a Day | $389 a Day | $0 |
| 91st Day and After (60 Reserve Days) | All But $778 a Day | $778 a Day | $0 |
| After Reserve (Additional 365 Days) | $0 | 100% of Eligible Expenses | $0 |
| Beyond the Additional 365 Days | $0 | $0 | All Costs |
| Skilled Nursing Facility Care | |||
| First 20 Days | All Approved Amounts | $0 | $0 |
| 21st Through 100th Day | All But $176.00 a Day | Up to $176.00 a Day | $0 |
| 101st Day and After | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Additional Amounts | 100% | $0 | $0 |
| Hospice Care | |||
| You must meet Medicare’s requirements, including a doctor’s certification of terminal illness | All but very limited copayment / coinsurance for outpatient drugs and inpatient respite care | Medicare copayment / coinsurance | $0 |
Part B | |||
| Services | Medicare Pays | This Plan Pays | You Pay |
|---|---|---|---|
| Medical Expenses | |||
| 1st $198 of Approved Amounts | $0 | $0 | $233 (Part B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Balance, Other than Copays | Up to $20/$50 Copays, Emergency visit copay waived if admitted |
| Part B Excess Charge | $0 | $0 | All Costs |
| Blood | |||
| First Three Pints | $0 | 100% | $0 |
| Next $198 of Approved Amounts | $0 | $0 | $203 (Plan B Deductible) |
| Remainder of Approved Amounts | Generally 80% | Generally 20% | $0 |
| Clinical Laboratory Services | |||
| Tests for Diagnostic Services | 100% | $0 | $0 |
| Foreign Travel | |||
| 1st $250 each calendar year | $0 | $0 | $250 |
| Remainder of Charges up to a lifetime maximum of $50,000 | $0 | 80% | 20% |
Additional Products Offered By GPM Health and Life Insurance Company
GPM Life also offers several other services and products, like:
- Life Insurance Policies – GPM Life and Health offers term life and whole life insurance policies. You can choose a temporary policy (term) or lifetime policy (whole) as well as the ability to customize policy with a variety of riders.
- Burial Insurance – Also called Final Expense Insurance, these policies can cover your funeral and other “final” expenses that may cost in excess of $10,000. GPM Life offers a payout between $3,000 and $35,000 for applicant ages 50 to age 80. GPM does not require a blood test or medical medical exams to apply for this type of policy.
- Annuities – Are you concerned about outliving your savings? An annuity with GPM can provide an ongoing, guaranteed stream of income for your and/or your spouse for life. GPM Health and Life Insurance Company provides consumers with the option of a a single Premium annuity; deferred annuity, or a flexible premium deferred annuity.
Ready to Explore GPM Medicare Options?
GPM Life is only one of the many insurance companies available. You’re aware that the older you get, the more important healthcare insurance becomes.
Medicare might be your only option at your age. If Medicare is your only type of coverage, you can still find yourself stuck with massive medical bills that you’d be responsible for.
Let me guess: all of this information is leaving your head spinning. The good news is that you don’t have to figure this out on your own. REMEDIGAP is here to help; we’re experienced independent agents and have been working for years to help people like you get the best Medicare supplemental insurance.
If you want help with your Medigap coverage, give us a call today. We also help our clients review their medications and analyze which Medicare Part D drug plans can offer them the lowest premiums and copays every year.
Call 1-888-411-1329 and have someone in your corner today with Medicare.
Michael Quinn is a seasoned Medicare insurance expert and licensed agent dedicated to simplifying the complexities of healthcare coverage. With over a decade of experience, he is a trusted advisor known for his compassionate guidance and commitment to empowering individuals. As the Cofounder of REMEDIGAP in 2013, Michael offers unbiased resources and personalized support to assist clients in making informed decisions.
His expertise has been recognized on reputable platforms such as USA Today and Nerdwallet, solidifying his reputation as a reliable and knowledgeable industry leader. With a Master's Degree in Communicative Disorders, Michael combines strong communication skills with a genuine passion for positively impacting lives through tailored insurance solutions.
Written by Michael Quinn
Licensed Broker, REMEDIGAP Founder
Fact Checked by Joann Quinn
Chief Compliance Officer
As a licensed insurance broker, REMEDIGAP upholds the principles of integrity in our editorial standards and ensures transparency in how we receive compensation from our insurance partners.
