is it legal to have 2 health insurances?
my husband retired from one place and has insurance with them ,and now he has a health insurance plan with the new company he works for. One has cheaper perscriptions and the other is cheaper per month.
Tags: Health, Health Insurance, insurances, legal
Yes. But you don’t get to pick and choose. One will be primary (his current employer insurance) and the other will be secondary payer. It’s called “coordination of benefits.” The primary pays first; the secondary will then pay any difference in benefit if it’s lower. They don’t just both pay as primary.
Technically, yes, but it is a very bad idea for the following reasons:
1) You have to pay for both of them.
2) You do not get more coverage than if you had only one. For example, if one of them would pay 60% if it was your only one, and the other would pay 70% if it was your only way, then the combined amount paid by both of them is still no more than 70% (either 60% from the first and 10% from the second, or 0% from the first and 70% from the second), not 130%, or even 100%.
3) Because of the time needed for them to determine which one should pay, and the need for you to submit claim forms to both, it takes longer before either one of them pays anything.
health-quotes.talk4fun.net – here is my health insurance plan. As I remember they can provide such a service.