I am covered under a group plan and do not need a medicare supplement policy at this time. No, upon retirement you have a two month open enrollment period. However, you may want to elect medicare part B to avoid a premium penalty for deferring enrollment in part B. 5. Under Florida law, only one Medicare supplement policy is allowed to be sold by an agent. These policies are designed so that you generally do not need other similar coverage.
Duplicate coverage can be expensive and is generally unnecessary.
It is illegal for an insurance company to sell you a second policy unless you state in writing that you intend to cancel the first policy. An agent wants to sell me a nursing home policy. A Medicare supplement policy provides very limited nursing home coverage. It supplements payments made by Medicare toward skilled nursing care only. The major percentage of patients in nursing homes receive either intermediate or custodial care, which is not covered under the Medicare supplement policy.