What Medigap plans does GPM Health and Life offer in Maine?
Government Personnel Mutual Life Insurance Company (GPM) offers 5 different Medicare Supplement Plans in Maine. Each lettered plan pays Medicare benefits differently (see Comparison Chart or check out our Review). Here they are at a glance:
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.
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:
- Excellent financial strength.
- 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 Medigap plan offering in Maine versus all other 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.