Can you buy two individual health insurance plans?
Question by sweetvelocity: Can you buy two individual health insurance plans?
Can you have more than one Health Insurance Plan for your self?
I have to buy my own insurance, but even the best individual insurance is crappy and I wanted to now if people ever buy two insurance plans? The insurance i have now only lets me see the doctor twice a year. If I got another insurance plan would it pick up where the other left off?
Best answer:
Answer by Don
No, it doesn’t work that way. Most carriers require you to agree to cancel your existing policy when you apply for your new one, and if you have two policies one is going to be primary, and the other secondary. You will reap the benefits of the better plan, but where they overlap, only one will pay.
What you might want is be a supplemental or limited benefit plan to go along with your insurance policy. These are not insurance policies and I usually don’t recommend them. I think your money would be better spent buying a better single policy, or an HSA type of plan and banking the savings.
Don
http://mtnhealthinsurance.com
Know better? Leave your own answer in the comments!
Tags: Health, Individual, Insurance, Plans
June 3rd, 2010 at 8:44 am
Most “real” health insurance plans will not allow coordination of benefits if they are both full comprehensive major medical plans (which is what I mean by “real”).
If you are not getting the coverage that you think you need then you probably just want to purchase an entire new plan with more benefits. Stick with large and trusted companies like Aetna, Assurant, Celtic, United Healthcare, Blue Cross Blue Shield, Humana, etc. and compare quotes from as many companies as possible.
An independent agent will be able to help you sort out all of your options.