Are at hand any disadvantages to one covered by 2 strength insurance policies?
I am currently covered by my husband's VERY GOOD health insurance. However, now that I hold reached the 5-year anniversary at my current job, I am eligible to join up my company's insurance for free (no premiums). The only thing is... it sucks. It's a straight PPO, no preventative keeping, everything covered at 80%/20%, no pre-existing condition coverage. I would like to stay on my husband's plan, but join my employer's plan as powerfully as a back-up in case anything main happens. Can I do this? Are there any disadvantages if the "bonus" policy is completely free? Do I choose who my primary insurance is, or do the insurance companies? What else do I requirement to know?
Thank you so much for your help.
Answers:
Your group insurance will be your primary and your husband's insurance will be his primary.
If you have any children, the parent whose birthday shows up first in the year will be primary for the children and the other minor.
Unfortunately you cannot choose which will be primary. By having two policies and especially if yours is free, it's a definite win/win situation. Your coverage will essentially be 100%.
My husband and I did that for our dental coverage. We can't afford the premium from both employer at this time, but in a couple years we will be able to and plan on going next to both group health coverage plans at that time.
First off, your insurance is primary. It is not an option. Whatever is moved out after your insurance pays should be picked up by your husband's insurance. Sometimes it is writtten off by the provider as a contractual agreement. Either way, you are covered 100%. In the grip where you know your PPO won't cover services rendered, you will need to follow your husband's guidelines (If PPO-use their PPO providers-if HMO-get medical group auth and use HMO providers). Your provider will bill your insurance for the denial and consequently bill your husband's insurance for the full amount. You will only be responsible for any deductibles or co-pays on your husband's insurance. If it is 100% coverage, you owe nothing. Check your husband's insurance to see what their co-ordination of benefits policy is. That will speak about you if having your own health insurance is truly worth it. It can be a hassle if you hold PPO and your husband has HMO.
**EDIT: As I stated above-your insurance MUST be primary for you-this is not something you can choose. E-mail if you have any specific question. I'll try to help Source(s): In medical insurance for 25 yrs
The insurance companies will always treat your plan as primary to you. Your husbands plan will be a hindmost up when you exhaust your plan. There is no real good apology to do this.....As a matter of fact, this could hurt you because your benefits are smaller amount rich than your husbands.....
The usual disadvantage is, plans ingetrate their payments. In other words, you won't get 100% coverage. Once you work through adjectives the numbers, its usually expensive to have two plans. Since yours is free, go for it. Keep his as primary. Before you do anything though, read the Coodination of Benefits Section within your husbands Summary Plan Description of Benefits.
There are no disadvantages. Emergency and quick contemplation visits will cost you $0. One picks up the regular cost and the other your $50 copay. Very nice.
Could work the same for you regular doctors call round and when you have surgery you husbands insurance will pick up the 20% you were going to own to pay.
Do it, do it, do it.
There are alot of advantages to having 2 insurance policies. First of adjectives your insurance carrier is going to be primary for you since you are the employee on that plan. Your husbands plan will be subsidiary. You have no choice in this. Since your plan is free you own nothing to lose. What you will want to find out from your husbands insurance company is how they coordinate benefits. There are 2 ways to coordinate..one is standard 100% and the other is normal liability. If they are a standard 100% plan they necessarily pick up the balance after your primary (your insurance) pays. If they have regular liability however it can get complicated. A normal liability policy will never pay cheque more than they normally would pay if you did not own other insurance. For example, if your plan has 80% coverage and your husbands plan also has 80%, your lower will not pay the difference. If your husbands plan has 90% coverage and your plan have 80% then they would pick up 10%. Many times people dont infer how normal liability works and it is a waste to enjoy a secondary carrier, however since your coverage is free you are not losing out on anyting by taking it. Also as long as you own had continuous coverage your insurance carrier cannot breed you subject to pre-existing as long as you have no more than a 63 day lapse contained by coverage. They cannnot deny you for a pre-existing condiiton. Bottom line is take the insurance..it is free and you will not catch any less of a benefit than you have presently with only 1 holder.
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Thank you so much for your help.
Answers:
Your group insurance will be your primary and your husband's insurance will be his primary.
If you have any children, the parent whose birthday shows up first in the year will be primary for the children and the other minor.
Unfortunately you cannot choose which will be primary. By having two policies and especially if yours is free, it's a definite win/win situation. Your coverage will essentially be 100%.
My husband and I did that for our dental coverage. We can't afford the premium from both employer at this time, but in a couple years we will be able to and plan on going next to both group health coverage plans at that time.
First off, your insurance is primary. It is not an option. Whatever is moved out after your insurance pays should be picked up by your husband's insurance. Sometimes it is writtten off by the provider as a contractual agreement. Either way, you are covered 100%. In the grip where you know your PPO won't cover services rendered, you will need to follow your husband's guidelines (If PPO-use their PPO providers-if HMO-get medical group auth and use HMO providers). Your provider will bill your insurance for the denial and consequently bill your husband's insurance for the full amount. You will only be responsible for any deductibles or co-pays on your husband's insurance. If it is 100% coverage, you owe nothing. Check your husband's insurance to see what their co-ordination of benefits policy is. That will speak about you if having your own health insurance is truly worth it. It can be a hassle if you hold PPO and your husband has HMO.
**EDIT: As I stated above-your insurance MUST be primary for you-this is not something you can choose. E-mail if you have any specific question. I'll try to help Source(s): In medical insurance for 25 yrs
The insurance companies will always treat your plan as primary to you. Your husbands plan will be a hindmost up when you exhaust your plan. There is no real good apology to do this.....As a matter of fact, this could hurt you because your benefits are smaller amount rich than your husbands.....
The usual disadvantage is, plans ingetrate their payments. In other words, you won't get 100% coverage. Once you work through adjectives the numbers, its usually expensive to have two plans. Since yours is free, go for it. Keep his as primary. Before you do anything though, read the Coodination of Benefits Section within your husbands Summary Plan Description of Benefits.
There are no disadvantages. Emergency and quick contemplation visits will cost you $0. One picks up the regular cost and the other your $50 copay. Very nice.
Could work the same for you regular doctors call round and when you have surgery you husbands insurance will pick up the 20% you were going to own to pay.
Do it, do it, do it.
There are alot of advantages to having 2 insurance policies. First of adjectives your insurance carrier is going to be primary for you since you are the employee on that plan. Your husbands plan will be subsidiary. You have no choice in this. Since your plan is free you own nothing to lose. What you will want to find out from your husbands insurance company is how they coordinate benefits. There are 2 ways to coordinate..one is standard 100% and the other is normal liability. If they are a standard 100% plan they necessarily pick up the balance after your primary (your insurance) pays. If they have regular liability however it can get complicated. A normal liability policy will never pay cheque more than they normally would pay if you did not own other insurance. For example, if your plan has 80% coverage and your husbands plan also has 80%, your lower will not pay the difference. If your husbands plan has 90% coverage and your plan have 80% then they would pick up 10%. Many times people dont infer how normal liability works and it is a waste to enjoy a secondary carrier, however since your coverage is free you are not losing out on anyting by taking it. Also as long as you own had continuous coverage your insurance carrier cannot breed you subject to pre-existing as long as you have no more than a 63 day lapse contained by coverage. They cannnot deny you for a pre-existing condiiton. Bottom line is take the insurance..it is free and you will not catch any less of a benefit than you have presently with only 1 holder.
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