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Multiple Health Insurance Plans | All You Need to Know About

Written by john Carry · 2 min read >
Multiple Health Insurance Plans | All You Need to Know About

If you are like many people, you may have more than one health insurance plan. You may have one through your job and another through your spouse’s job. Or you may have one through a government program and another through an insurance company. Can you have more than one health insurance plan?

How do You Obtain Multiple Health Insurance? 

There are a few different ways that you can obtain multiple health insurance policies. One way is to have family members who are covered by different policies. Another way is to have a job that offers health insurance through your employer, and then also have coverage through an individual policy. You can also be covered as a dependent on someone else’s policy. Finally, you can purchase a policy through the Marketplace. In the end, it really just depends on your circumstances and what works best for you.

How Much will the Additional Cost of Health Insurance be? 

The cost of having insurance through a Marketplace plan is different than having insurance through an individual policy or through a family plan. The amount of the premium depends on a number of factors. One factor is your income. The higher your income, the more you have to pay for insurance. Another factor is whether or not you are eligible for financial assistance to help pay for health insurance coverage. Individuals who earn between 100% and 400% of the Federal Poverty Level (FPL) are eligible for financial assistance to help pay for coverage. The federal government will pay a percentage of the cost of your insurance premium if you earn less than $45,960 a year in household income.

Advantages of Having Multiple Insurances 

Having multiple insurance policies provides several advantages for policyholders. By having several policies, individuals can spread their risk by having coverage for different types of events. For example, someone might have a homeowners policy to protect them from damage to their home, a car insurance policy to cover damage to or theft of their car, and health insurance in case they need medical care. Another advantage of having multiple policies is that it can help reduce the cost of insurance.

Filing a Claim for Multiple Health Insurance Policies – Steps

If you are covered by multiple health insurance policies, it’s important to know how to file a claim with each one. Filing a claim with the wrong insurance company can delay your reimbursement and cause confusion. Here are the steps to take to file a claim with multiple health insurance policies:

 

  1. Collect all of your health insurance cards and policy information. Make sure you have the name of the insurance company, the policy number, and the contact information for the customer service department.
  2. Call the customer service number on the back of your policy to file a claim.
  3. Ask if there is a specific department that handles claims.
  4. If there is not, ask the representative if you can leave your claim information with him/her or her instead.
  5. If so, ask to speak with the claims administrator. 6. Find out which company is responsible for handling your claim.
  6. Write down the name of the company’s claims administrator and their phone number.
  7. Call the claims administrator to discuss what happened and ask for a status update on your claim.
  8. Ask the claims administrator to explain what caused your claim.
  9. Ask for a specific dollar amount.
  10. Ask to speak with the claims administrator’s supervisor.
  11. Ask for an explanation of why the claims administrator is not able to give you a specific dollar amount or how much your claim is worth.

Wrap Up

In conclusion, you can have multiple health insurance plans as long as they are not from the same provider. Having multiple plans gives you a better chance of finding one that covers your needs and one that you can afford. It is important to read the terms and conditions of each plan to make sure that you are not doubling up on coverage. Be sure to also compare the premiums, deductibles, and co-pays of each plan to find the best one for you.

 

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