Supplemental Insurance Basics
What is supplemental insurance portability?
Supplemental insurance portability allows you to keep your coverage when you change jobs or retire. Portable policies are owned by you, not your employer. Individual supplemental insurance policies are always portable. Group supplemental insurance through an employer may or may not be portable.
Key Points
- Portable policy: you keep coverage when you change jobs or retire
- Individual supplemental insurance: always portable
- Group supplemental insurance: may or may not be portable
- Portability is an important feature for people who change jobs frequently
- An independent agent can help you find portable supplemental insurance