Is It Legal to Have Two Health Insurance Plans?

Having two health insurance plans is legal and, in some cases, very beneficial. While most people have only one health insurance plan, some have multiple plans that provide coverage under certain conditions.

There are several scenarios in which you may have two health insurance plans. For example, if you are aged 26 or under and you have health insurance through your parents and they each have their own policy, you may be able to file under both when you obtain medical services. If you and your spouse both have employer-based health insurance, you may be covered by your plan and listed as a dependent on theirs. If you meet income requirements, you may be eligible to supplement your employer plan with Medicaid.

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Can You Have Two Health Plans?

How Do Two Health Insurance Plans Work Together?

While it would be nice if you got double reimbursements for all your medical bills, that is not what happens when you have more than one health insurance policy. Instead, one plan is considered your primary health insurance, and the other is considered secondary coverage. Your primary health insurance covers services first up to the policy limits. After your primary health insurance has paid, your secondary insurance may cover some or all the remaining bills. Depending on your policy limits and the ability of the provider to “coordinate benefits”, you may still be responsible for some costs.

Does Carrying Two Health Insurance Plans Protect You from Out-of-Pocket Medical Expenses?

If you have two health insurance plans, you may still have to pay some medical costs. First of all, you may have to pay premiums and deductibles for both plans. You may also still owe money for copays and coinsurance.

It is also important to remember that rules related to in-network and out-of-network health care providers still apply. Additionally, your plans may have different exclusions, meaning that even if a given service is covered by one of your plans, the other plan may not pay for it.

 

The Benefits and Drawbacks of Carrying Two Health Insurance Plans

The benefits of carrying two health insurance plans include:

  • A way to maximize your benefits and potentially reduce out-of-pocket costs
  • You do not have to worry about being uninsured or underinsured
  • If plans are structured very differently from one another, you may be able to save a significant amount of money

The drawbacks of having two health insurance plans include:

  • You may still have some out-of-pocket medical expenses
  • Two plans can mean two sets of premiums and deductibles
  • You may have to deal with two health insurance providers, which can be confusing and lead to costly mistakes
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Finding Comprehensive Health Insurance Coverage with Nevada Insurance Enrollment

Navigating the world of health insurance can be tricky, but it gets especially confusing when more than one plan is involved. At Nevada Insurance Enrollment, we have licensed health insurance agents who can help you understand how multiple health insurance plans work together to save you money on medical expenses.

HRA vs Employer Sponsored Health Insurance

HRA vs Employer Sponsored Health Insurance

An employer-subsidized plan is a sensible option for employees. Not only does the employer pay at least 50% of the employee’s premium, but the remaining premium is tax-free and taken directly from the employee’s pay.

Saving Money on Health Insurance With Negotiated Pricing

Saving Money on Health Insurance With Negotiated Pricing

The majority of health insurance companies have a contract with a network of hospitals and other providers. In this contract, there are negotiated rates for different services. This negotiated rate is generally lower and sometimes significantly lower than what a provider would charge someone who is paying out of pocket.

 

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#1) Health Insurance Subsidy Chart

#2) Health Insurance

#3) Health Insurance WITH a Subsidy

#4) Insurance Blog

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By page visits (this month)

 

#1) Health Insurance Subsidy Chart

#2) Health Insurance

#3) Health Insurance WITH a Subsidy

#4) Insurance Blog Posts

#5) Request a Quote

Health Insurance with a Preexisting Condition

You may assume that since you have a preexisting condition, you’ll pay a higher premium than someone who is in perfect health. However, an insurer cannot reject you, refuse to pay for health benefits pertaining to your illness or injury, or charge you a higher premium because of your condition.

Is Physical Therapy Covered Under Health Insurance?

Whether you have recently been injured or you are experiencing chronic pain or limited mobility, going to a physical therapist can greatly improve your quality of life. For many people, concerns about how much regular sessions cost is a big roadblock to getting much needed care. Fortunately, if you have an ACA-compliant health insurance plan, rehabilitative services like physical therapy are listed among the essential health benefits.

What Is a Health Insurance Network?

Whether you’ve had the same health insurance company for years or switched to a new health insurance company, the variance in cost is directly related to whether a healthcare provider is within your health insurance company’s network (if you have a PPO), if you have a deductible to satisfy first, or if you have a co-pay.

What is a Special Enrollment Period?

The special enrollment period is always within 60 days of a life event. A “Life Event” is an event such as the birth of a baby, losing group coverage through an employer, losing coverage due to a move to Nevada, marriage, any many other scenarios.