GPM Health and Life Medicare Supplement Plans, Maine
This page contains editorial content that is not endorsed or approved by Government Personnel Mutual Life Insurance Company (GPM)[2]. This is not a solicitation of insurance.
| MedicareWire Rating: | |
|---|---|
| A.M. Best Rating: | A- |
| A.M. Best Outlook: | Stable |
| S&P Rating: | BBB |
| Established: | 2010 |
| NAIC Number: | 63967 |
| Policy Fee: | $25.00 |
What Medicare Supplements does GPM Health and Life Offer in Maine?
Government Personnel Mutual Life Insurance Company (GPM) offers 5 of the standardized Medigap policies in Maine. Each Medigap plan offers a different range of coverage (see comparison chart or check out our review). Here's a quick look at GPM Health and Life's offering:
Community Rated Medigap Plans: When a plan is "Community Rated" the community will all be charged the same monthly premium if enrolled in the same plan. As an example, if you enroll at age 65 or 72 you would be charged the same amount. Premiums will increase, but your age will not be a factor.
Call 1-855-728-0510 (TTY 711) for plan assistance.
If you qualify for Medicare and don't know where to start, MedicareEnrollment.com, an independent HealthCompare insurance broker, has licensed agents who can help you with your Medicare enrollment options.
GPM Health and Life Medigap Plan Benefits Comparison Chart
The following table shows the coverage benefits you get with of each Medicare supplemental plan offered by GPM Health and Life:
REVIEW: GPM Health and Life Medicare Supplements in Maine
GPM Health and Life scored 3.5 out of 5.0 based on our scoring method. Although their Plan F is not in the top 10 best rates, GPM Health and Life has been servicing Medicare Supplements for over 10 years and has a good financial rating from A.M. Best. Another slight negative is their $25.00 policy fee. This is a good carrier, but there are other good Medigap carriers with lower rates in Maine. See the top 10 competition.
Here are the pros and cons from our analysis:
Pros
- Excellent financial strength.
Cons
- Plan F premium not in top 10 best.
- Less than 10 years in the Medicare Supplements business.
- Does not offer Medicare SELECT plans.
- Does not offer the 5 most popular plans.
- Charges a fee to write the policy.
About This Review
We reviewed GPM Health and Life's Medicare supplement plan offering in Maine versus all other insurance carriers in the state. Our review is unbiased. We use a formula that looks at years in business, A.M. Best financial strength rating, plans serviced, plan premiums and fees. We do not take into account rate increase history. Our goal is to present information accurately and without bias, based on our interpretation of factual information about each carrier.
GPM Health and Life Medigap Plan F vs. Competition
Medicare Supplement F is the most popular plan sold in Maine. The following table shows how GPM Health and Life stacks up with the competition.
Contact GPM Health and Life Medigap Sales
For more information about this Medicare Supplement carrier, and other plans on this site, call 1-855-728-0510 (TTY 711). You may also start your Medicare Supplement enrollment online. You can contact the plan directly at:
For assistance 24 hours a day, call 800-633-4227. TTY users should call 877-486-2048 or visit www.medicare.gov. If you qualify for Medicare but have not yet enrolled or verified your enrollment status, you can do so on the Social Security Administration website.
Eligibility
GPM Health and Life Medicare Supplements are available to all Maine beneficiaries, ages 65 and older, who have enrolled in both Medicare Part A and Part B.
If you are just turning age 65, you have guaranteed issue rights and cannot be turned down by GPM Health and Life. Once issued, your Medicare Supplement policy can't be canceled. And, it will automatically renew for as long as you continue to pay the premiums and make no material misrepresentations.
Before choosing an insurance company, be sure to get the GPM Health and Life Medicare Supplement rate increase history in Maine. This is the best way to predict future rate increases.
Availability
GPM Health and Life services Medicare supplement insurance in Portland, Lewiston, Bangor, South Portland, Auburn, Biddeford, Sanford, and most other Maine cities.
Related Medicare Supplement Insurance Topics
- Do I really Need Supplemental Insurance with Medicare??
- Is Medicare Plan G Better Than Plan F?
- What is the Average Cost of Supplemental Insurance for Seniors?
On this page our goal is to help consumers: Compare GPM Health and Life Medigap plans in Maine with the best Medicare supplements available. Read our review. Get a free quote. Did we succeed?