Looking for a New Medicare Supplement? Try a GPM Plan!

Assuming that you’re looking for the best when it comes to your Medicare, there’s no reason to settle for anything less than GPM. GPM Life Medicare is a provider for Medicare supplements and has been working in the industry for nearly 100 years, since 1934. Their business model is about providing excellent rates to their insured while ensuring excellent service and claims handling. Founded and ran by GPM Life Insurance, which is abbreviated for Government Personnel Life Insurance, GPM Life Medicare is unique in several ways. One way that GPM is unique is that they are a Mutual Insurance company which means that they’re essentially owned by their policyholders. This means that the profits received are a benefit to the policyholders a the end of the year generally in returned divided payouts or a reduced premium in the future. While GPM began by offering coverage to the military and their family, they’ve expanded their offerings to individuals from other times of life as well. 

Why Pick a GPM Plan?

GPM offers a handful of plans that help seniors make better decisions for their health. They offer GPM Plan G, Plan N, Plan A, and Plan C. With so many different options, it allows you to customize the way in which you receive your health care benefits. GPM can be found as a very competitive option in today’s marketplace because of there bottom dollar pricing that is generally able to beat out any competitor. 

Some More about Each Plan:

GPM Plan F

GPM Plan F is the highest offer of benefit available to you in the Medicare supplement spectrum. This premium coverage is so comprehensive that it covers almost every expense that is not covered under a traditional Medicare policy. It covers the Part A benefits of hospital expenses as well as the copays and coinsurance for Part B. It also covers the Part A and Part B deductibles so this plan is always a big satisfier. The only thing that may keep you from electing for GPM Plan F is the price tag. With this amount of coverage, you’ll likely be avoiding any up-front costs at the doctor. Where you’ll see the payments going for this plan are to the monthly premium. 

GPM Plan G

GPM Plan G compares most closely to the GPM Plan F coverages in comparison. If you’ve been seeking out a plan like GPM Plan F but with a slightly lower price tag, GPM Plan G may be the option for you. It’s likely that monthly you’ll be paying out a little less and then therefore saving a bit on the monthly premium. The change between GPM Plan G is that it does not cover the Part B deductible. If this is something that you’re comfortable with, there’s no need to look any further, GPM Plan G may be for you.

GPM Plan N

For a more affordable option GPM Plan N may be a better route. This plan is still somewhat comprehensive in that it covers multiple components of costs while still having a lower monthly premium. The GPM Plan N option does have a copay of $20 for doctors’ visits and $50 for emergency room visits. This choice may be good if you’re looking for a compromise on coverages and cost which still covers the Medicare Part A benefits for hospital expenses. 

Whether GPM Plan N is the best bet for you or if it’s a plan more similar to Plan G, The Health Exchange Agency is here to provide you with the information that you need to make the right choice when it comes to your benefits. Reach out to us today to find more information on GPM Life options and how it can make a difference in your life.