GPM Life Insurance Company Medicare Plans Review

In this Guide...

GPM Life Insurance Company offers several different Medicare Supplement Insurance (Medigap) plans. Learn about GPM Life Medicare plans including what they cover, who might be eligible and how you can apply for a plan.

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GPM Health and Life Insurance Company was founded in 1965 in Spokane, WA, as part of a parent company called GPM Life. In addition to an array of financial products, the company provides private Medicare plans in select markets.

GPM Health and Life earned an A- rating for financial stability from the credit rating agency A.M. Best.

1
GPM Life Medicare Supplement Plans

GPM Life offers 5 Medicare Supplement Insurance (Medigap) plans: Plan A, Plan C, Plan G, Plan N and Plan F. 

GPM Life does not offer Medicare Advantage or Medicare Part D plans.

GPM Life Medigap Plan A

Plan A is the most basic Medicare Supplement Insurance plan. Plan A covers the Medicare Part A coinsurance costs for both inpatient hospital costs and hospice care. It also covers Part B coinsurance costs and the first 3 pints of blood needed for a transfusion. 

GPM Life Medigap Plan N

Plan N covers all of the same out-of-pocket Medicare costs that Medigap Plan A does, while it also pays for skilled nursing facility care coinsurance costs, the Medicare Part A deductible and 80% of the cost of foreign travel emergency care.

With Plan N, you may still pay Part B copayments of up to $20 for certain doctor’s office visits and up to $50 for emergency room visits that do not result in a hospital admission for inpatient care. 

GPM Life Medigap Plan G

Medicare Supplement Plan G covers all of the same benefits as the above Medigap plans, and it also pays for skilled nursing facility coinsurance costs, the Medicare Part A deductible, Medicare Part B excess charges and 80% of foreign travel emergency care costs. 

GPM Life Medigap Plan C

Plan C is identical to plan G. The only difference is that Plan G provides coverage of Medicare Part B excess charges while Plan C does not, and Plan C provides coverage of the Part B deductible while Plan G does not.  

Plan C does come with one catch however: You must have been eligible for Medicare prior to January 1, 2020 in order to enroll in Plan C. If you became eligible before 2020, you may still be able to apply for Plan C if it’s available where you live.

GPM Life Medigap Plan F

Medigap Plan F is the gold standard for Medicare Supplement Insurance plans. It’s the only plan to offer coverage in each benefit area, which includes everything found under Plan G in addition to coverage of the Medicare Part B deductible. 

Plan F is subject to the same enrollment rule as Plan C. Anyone who first became eligible for Medicare on or after Jan. 1, 2020 is not allowed to enroll in Plan F. 

2
How Much GPM Life Medicare Plans Cost

You can request a GPM Life Medicare plan quote by visiting their official website. Some of the things that may affect the cost of your Medicare Supplement plan premium may include:

  • Gender
  • Plan selection
  • Location
  • Age
  • Health (if enrolling outside of your Medigap Open Enrollment Period or another period when you have guaranteed issue rights)
  • Available discounts
3
GPM Life Medicare Providers

Medicare Supplement Insurance is accepted by any health care provider who accepts Medicare Part A and Part B. There are no network restrictions as there are with some other forms of private Medicare insurance. 

A Medigap plan from GPM may be used all over the U.S. at any location that accepts Original Medicare (Parts A and B).

4
GPM Life Medicare Plan Eligibility

There are two requirements for being eligible for a GPM Medicare Supplement Insurance plan. 

First, you must be eligible for Medicare Supplement Insurance. That means having both Medicare Part A and Part B and being at least 65 years old in most states. (Certain states allow individuals under the age of 65 to purchase Medigap, but it is not federally mandated.)

Second, you must live in an area where GPM sells Medigap plans. Not every plan is available in every area, and you are only allowed to apply for a plan that is offered in your state, county or zip code. 

5
How to Apply for a GPM Life Medicare Supplement Plan

Technically, you may apply for a Medicare Supplement Insurance plan from GPM at any time. You do not have to wait for a special enrollment period. 

However, the best time to sign up for a Medigap plan from GPM is during your Medigap Open Enrollment Period. This period begins the month you are both 65 years old and enrolled in Medicare Part B, and then lasts for 6 months. During this time, you have guaranteed issue rights. That means insurance companies are not allowed to use medical underwriting to determine your rates based on your health. 

However, if you apply for a Medigap plan when you don’t have a guaranteed issue right, carriers may use underwriting to determine your rates, and you may end up with a higher premium as a result of poor health or certain health conditions. 

You may apply for a GPM Life Medicare plan by contacting the company at 800-786-5566 or by completing an online GPM Life Medicare contact form

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