Can We Claim Health Insurance From Two Companies?
12689 POINTSview profileTed RatliffOwner, SFS Associates,Why would you have two health policies? Is one a supplemental to your base policy? Generally a major medical policy will coordinate benefits if there is more than one policy in force on the same individual. I would consult your tax adviser as far as the ability to deduct both premiums but quite honestly you are spending a lot more than you need too if both are Major Medical. If you have a Major medical and a policy to supplement the major medical policy, designed to help pay your deductibles then my reaction would be yes you can. Verify this with your tax adviser however.Answered on March 13, 2015flag this answer
5527 POINTSview profileMarlin McKelvyPresident, Consumer Directed Benefit Solutions, Memphis, TennesseeYes, but you will never receive more than 100% coverage as making a profit from having multiple health insurance policies is prohibited. In today's world the circumstance you describe would most likely come up in the situation where a married couple both have employer provided health insurance and one, or both, is covering the other as a dependent on their employer's health plan. Technically you could double cover each other with individual health insurance policies but this would probably be financially prohibitive from a premium cost perspective. Anyways, in the event someone is double covered, the two different health insurance companies will have to determine order of payment (which company pays first on the claim) which is usually based upon the person who is born earliest in the year, then they would do what is called "coordination of benefits" where the second carrier would pay on the unpaid portion of the claim.Answered on March 13, 2015flag this answer
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