GPM Life Medicare Supplement Insurance

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GPM has competitive Medicare Supplement insurance options. The company is a mutual company which means they are by definition, owned by policyholders. Any profits earned are returned to those policyholders in the form of reduced future premiums or dividend distributions.

Below we’ll go over GPM reviews, plans, costs, and more. Then, you can determine if this is the right company for you.

What is GPM Health and Life Insurance Company

GPM Life continues to operate under the philosophy “maintain a long-term view”. So, you can expect the company to ensure relevance today and in the future.

Further, Mutual of Omaha backs GPM’s claims filing and customer service.

GPM Medicare Supplement Reviews

The company boasts A- ratings through A.M. Best indicating an excellent ability to meet obligations. GPM consistently has high ratings and their Medigap plans are competitive in many areas.

If GPM has the lowest premium option in your area, they make a great choice.

All products GPM offers are top-quality and supported by an outstanding customer care team. We are proud to offer GPM as one of the many top carriers in the Medigap industry.

What is the Best GPM Medicare Supplement Insurance Plan

GPM Life offers Medicare Supplement Plan A, C, F, G, and N. But, the most popular options are Plan F, G, and N.

Plan F is the most comprehensive option, it’s only available to those eligible for Medicare before 2020. But, those eligible after 2020 will have access to Plan G, which offers comparable coverage.

Now, if you’re fairly healthy, Plan N could be the most beneficial option for you. The low premium and small copayments on select services make this option great for those on a budget.

But, it’s always best to consult an agent about the plans in your area to determine which option brings you the most value.

GPM Medigap Eligibility

The best time to enroll is during the Open Enrollment Period or in a time of Guarantee Issue.

Outside of those times, companies can deny your application or charge you a higher premium due to pre-existing conditions.

Let’s go over some health issues that are an automatic denial if you’re subject to underwriting.

Uninsurable Health Conditions with GPM Medicare Supplement include:

  • Aids
  • Alzheimer’s
  • Aids Related Complex
  • Any cardio-pulmonary disorder requiring oxygen
  • Cirrhosis
  • Chronic Hepatitis
  • Chronic Obstructive Pulmonary Disease (COPD)
  • Other Chronic Pulmonary Disorders:
    • Chronic bronchitis
    • Chronic obstructive lung disease
    • Cystic fibrosis
    • Sarcoidosis
    • Chronic pulmonary fibrosis
    • Chronic interstitial lung disease
    • Bronchiectasis
    • Scleroderma
  • Diabetes (Minnesota and Wisconsin only)
  • Emphysema
  • Kidney disease requiring dialysis
  • Chronic kidney disease
  • Kidney failure
  • Amyotrophic Lateral Sclerosis
  • Systemic Lupus
  • Multiple Sclerosis
  • Myasthenia Gravis
  • Organ Transplant
  • Osteoporosis with fracture
  • Parkinson’s Disease
  • Senile Dementia
  • Other Cognitive Disorders:
    • Mild Cognitive Impairment
    • Delirium
    • Organic brain disorder

In addition to the conditions above, there are more reasons an application will face denial.

For example:

  • Implantable cardiac defibrillator
  • Use of supplemental oxygen
  • Use of nebulizer
  • Asthma requiring constant use of three or more medications including inhalers
  • taking any medications that must be administered in the doctor’s office
  • Advised to have medical tests, surgery, further diagnostic evaluation, treatment, or therapy
  • If height and weight fall under the “decline” category

Now, you can see why agents suggest enrolling in Medigap when you’re first eligible. Of course, we understand life happens.

Further, if you fall under GPM’s uninsurable list, that doesn’t all carriers will deny you. It just means GPM won’t insure you.

Our agents are highly skilled professionals that will work to help you find a solution to coverage.

We love helping people find the company and policy that’s best for them, that’s why we don’t represent just one carrier.

GPM Medicare Supplement Premiums

Zip code, policy, tobacco use, age, and gender all impact the cost. Further, if you’re outside of the Medigap Open Enrollment Period, you can expect to pay a slightly higher premium in most states.

To give you an idea of the costs, we’ll look at a 65-year old woman in Ohio:

  • Medigap Plan F can cost $150
  • Plan G can cost $110
  • And, Plan N can cost $85

Keep in mind, the state you live in can greatly impact the cost of your Medigap plan. The same plan in another state could cost more or less.

Also, men usually pay a slightly higher premium than women.

FAQ’s

What does GPM stand for?
Government Personnel Mutual Life Insurance Company.
Is GPM Life Medicare Supplement for federal employees?
While GPM has a long history of serving Military personnel and federal employees, you don’t need to be either to apply.

They offer Medigap to everyone Medicare eligible.

How long has GPM been in Business?
GPM was founded in 1934, so they’ve been around for about 80 years.
GPM Insurance, who does claim processing?
Mutual of Omaha does claim processing and customer service for GPM.
Can GPM Medigap be paid automatically each month with a credit card?
Yes, you can set up a monthly payment to debit automatically from a checking account.

Get a GPM Medicare Supplement Plan Today!

Do you want the policy with the most value? What would that look like to you? Would a low premium or few copayments bring you the most happiness?

Well, these are things our agents understand. We take a look at all the options in your area before making a suggestion.

And, we ultimately let you decide which option makes the most sense for you. Because you’re the one using the insurance, we know it’s important that you understand the coverage you’re getting.

Our agents can help you find the carrier and policy that best fits your needs. All you have to do is call the number above and an agent will help you get started.

Or, you can fill out an online rate form to get your quotes now!