Thats a huge advantage.. David Mordo, former national legislative chair and current regional vice president for the National Association of Health Underwriters, however, says it is rare. And if they are already offering insurance to another family member, adding you may come at no cost at all. The spouse's insurance is secondary, and will only pay once the primary insurance has paid. This is called coordination of benefits, and it's sorted out by the insurance carriers involved . The other parent's policy will provide secondary coverage. Fran Majidi manages content on SmartFinancial's website. Having two health plans can help cover normally out-of-pocket medical expenses, but also means youll likely have to pay two premiums and face two deductibles. If you can't determine which insurance is primary, you may need to call the insurance company, who will have COB information in their system. Youre really not getting any benefit by being covered by two different employer-based plans, he says. Can You Have Two Health Insurance Plans? | eHealth Insurance var y=x.getYear() Free Health Insurance Comparison - Save up to 30%. Because Tricare is a state-funded insurance, it will always be secondary to any other insurance, no matter when his birthday is. Who Should be my Beneficiary? - Best Practices | Trust & Will Anyone can have more than one insurance plan but the most common people are parents who both add a child to their individual plans. Keep in mind that even with two health plans, your insurance will only cover up to 100% of your bill, no more. We really ask them to dig down deep into What are you paying in premium, as opposed to what you are getting in benefit?. SmartFinancial is a digital insurance comparison engine that provides real-time rates and insurance services in all 50 states. Analytical cookies are used to understand how visitors interact with the website. Do I need to contact Medicare when I move?

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