You can have two health insurance plans!
Having two health insurance plans is perfectly legal and many people have two under certain circumstances.
Is it worth being double insured?
The short answer is that if it costs less for both insurances (for example, if the employer covers you both at a base rate that costs little to nothing) you will definitely come out ahead and it will be worth it. With Insurance, the general tradeoff is as follows: Pay now, so you pay less later.
How do you determine which insurance is primary and which is secondary?
Primary health insurance is the plan that kicks in first, paying the claim as if it were the only source of health coverage. Then the secondary insurance plan picks up some or all of the cost left over after the primary plan has paid the claim.
How does a secondary insurance work?
Secondary health insurance works by paying you directly. Your primary insurance provider pays your healthcare provider directly for medical expenses. But with secondary health coverage, cash benefits get paid directly to you if you experience a qualifying event. These benefits can be used for a variety of expenses.
How does it work with two dental insurances?
Coordination of Benefits
Generally, dental plans coordinate benefits so that eligible claims are paid up to 100 percent between the two plans. The primary plan pays the claim as it normally would, and the secondary plan pays what’s left based on its coverage limits and up to 100 percent of the total claim.