HomeSupplemental InsuranceWhat is the difference between group and individual supplemental insurance?
Supplemental Insurance Basics
What is the difference between group and individual supplemental insurance?
Group supplemental insurance is offered through an employer at group rates. Individual supplemental insurance is purchased directly from an insurance company. Group supplemental insurance may be less expensive but is not portable. Individual supplemental insurance is portable and can be customized to your needs.
Key Points
- Group supplemental: offered through employer at group rates
- Individual supplemental: purchased directly from insurance company
- Group: may be less expensive but not portable
- Individual: portable, customizable
- An independent agent can help you compare group vs. individual supplemental insurance