Orlando Harmon
General Motors (GM) offers its employees comprehensive medical insurance, with multiple plan options to support their needs. GM's health insurance covers medical, dental, and vision care, as well as prescription drug coverage. The company also provides additional benefits such as pretax health savings accounts, flexible spending accounts, and life and disability insurance. Retired GM employees typically use Medicare as their primary coverage, with GM health insurance as supplemental coverage.
| Characteristics | Values |
|---|---|
| Provider | Blue Cross Blue Shield of Michigan |
| Plan Options | ConnectedCare, Basic, Tandem |
| Cost Reduction | ConnectedCare |
| Area | Austin, Atlanta, Phoenix |
| Enrolment | GM's online benefits counselor, ALEX |
| Retired Employees | Medicare, Medigap coverage, Medicare Advantage plans, dental and/or vision insurance |
| Dental and Vision Insurance | Available from day one of employment |
| Pretax Health Savings Account | Available |
| Retirement Savings Plan | 401(k) with company matching 100% up to the first 5% |
| Life and Disability Insurance | Available |
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What You'll Learn
Pros and cons of GM health insurance
General Motors (GM) provides health care insurance to its employees. This includes the ConnectedCare option, which reduces costs when the policyholder receives care from a single group of doctors and hospitals, helping to coordinate their care. This option is available through Tandem, HealthSync, Centrus Health, and Ascension Genesys. GM's health insurance also includes behavioural health coverage.
Pros of GM Health Insurance
GM health insurance is considered good by employees. It covers all of the policyholder's health needs, including behavioural health coverage.
Cons of GM Health Insurance
The deductible is high, and the insurance is expensive, with the family option costing $150 per month. It does not cover chiropractic care, which is an issue for employees working long hours and doing heavy lifting.
Additional Information
When enrolling, GM recommends using their online benefits counselor, ALEX, to see if your choices are the best benefit options for you. ALEX provides personalized benefits guidance and easy-to-understand explanations of how your benefits work.
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GM retirees' insurance options
In 2008, General Motors Corporation (G.M.) announced it would stop providing health insurance coverage for its retirees over the age of 65. This change came into effect on January 1, 2008, and affected close to 100,000 retirees, who lost their employer-sponsored coverage.
G.M. retirees have several insurance options available to them. Most retired employees use Medicare as their primary coverage, with their G.M. health insurance functioning as supplemental coverage. Due to the involuntary loss of the G.M. plan, retirees over the age of 65 can enroll in a Medicare supplement plan without answering any health questions. They may also consider enrolling in a Medicare Advantage plan instead of a Medicare supplement and a Part D plan. This means they would be covered by a private insurance company, such as United Healthcare, Anthem, or Humana. Typically, Advantage plans are low- to no-premium plans with extensive co-payment amounts. G.M. retirees may also wish to purchase dental and/or vision plans, which require no underwriting and can be enrolled in at any time.
It is recommended that retirees work with a knowledgeable agent who is familiar with the insurance offerings in their place of residence.
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GM Financial's medical insurance
GM Financial offers a comprehensive benefits plan designed to enhance employees' careers and lives. The company was recognised for its commitment to improving employee health and well-being through its workplace wellness program, receiving the Cigna Well-Being Award in 2021.
From day one, GM Financial employees are offered medical, dental, and vision insurance, as well as prescription drug coverage. Multiple plan options are available to support individual needs, including pretax Health Savings or Flex Spending Accounts. GM Financial also provides mental health support, health coaching, and discounted gym memberships.
For retirees, GM offers several options, including Medicare supplements, Medicare Advantage plans, and Part D coverage. Retired employees typically use Medicare as their primary coverage, with GM health insurance as a supplement. Additionally, retirees may purchase dental and/or vision plans, which do not require underwriting and can be enrolled in at any time.
Overall, GM Financial prioritises employee health and provides a range of insurance options to meet unique needs, offering peace of mind and comprehensive coverage.
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GM's ConnectedCare option
General Motors (GM) offers its employees comprehensive health insurance, including medical, dental, vision, and prescription drug coverage. This includes GM's ConnectedCare option, which is available through Tandem, HealthSync, Centrus Health, and Ascension Genesys.
ConnectedCare helps employees reduce costs when they receive care from a single group of doctors and hospitals, helping to coordinate their care. This means that employees can get local care in person, by phone, and online. For example, if an employee is receiving care for an ongoing medical or behavioural condition, they can use the transition of care program to continue their treatment as they switch to a new benefit plan option.
In addition to health insurance, GM offers a range of other benefits to its employees, including a 401(k) retirement savings plan with company matching, flexible time off, and community service hours. GM employees also receive employee discounts on purchases and leases of new GM vehicles for themselves and their friends and family.
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GM's online benefits counsellor
GM Financial's benefits plan is designed to be comprehensive, offering peace of mind and covering a range of services to meet employees' unique needs. The company prioritises employee health and was recognised for its commitment to improving employee health and well-being through its workplace wellness programme.
GM employees have access to medical, dental, and vision insurance options, as well as a pre-tax Health Savings Account and/or Flex Spending Account. The company also offers a 401(k) retirement savings plan with company matching of up to 5% and full vesting in three years. GM also provides flexible time off, community service hours, and monetary contributions to nonprofit organisations where team members volunteer.
GM has partnered with Blue Cross Blue Shield of Michigan to provide health insurance coverage for its employees. The ConnectedCare option, available through Tandem, HealthSync, Centrus Health, and Ascension Genesys, helps reduce costs when receiving care from a single group of doctors and hospitals, coordinating care locally, in person, by phone, and online.
When enrolling in a GM benefits plan, employees are recommended to use GM's online benefits counsellor, ALEX, available through NetBenefits. ALEX provides personalised benefits guidance and easy-to-understand explanations of how the benefits work. It helps employees make the best benefit choices and ensures they understand the range of options available, including behavioural health coverage.
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Frequently asked questions
GM employees have access to medical, dental, and vision insurance options from their first day of employment. GM Financial was recognised for its commitment to employee health and wellbeing in 2021.
The GM health insurance plan is called ConnectedCare.
GM's ConnectedCare plan reduces costs when care is received from a single group of doctors and hospitals, helping employees coordinate their care. This care can be accessed in person, by phone, and online.
GM employees can also choose from a range of other plans, including a high-deductible plan, and plans from Blue Cross Blue Shield of Michigan and Cigna.
Retired GM employees can use Medicare as their primary coverage and their GM health insurance as supplemental coverage. They can also purchase dental and/or vision plans.
