The Definition of Secondary Insurance

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When it comes to secondary insurance, it means exactly what it sounds like: it pays second. Find out about the definition of secondary insurance with help from an expert at Combs & Company in this free video clip.

Part of the Video Series: Insurance Questions Answered
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Video Transcript

Hi, my name is Susan Combs, and today we're going to talk about definition of secondary insurance. When it comes to secondary insurance, it means exactly what it sounds like, it pays second. So, the main thing to know and to understand is what pays first. So, what is your primary policy? A lot of times people do this in terms of health insurance. So, maybe you have a family and both, you know, both husband and wife are actually working. And they're both are eligible for health insurance coverage. So, you might have somebody that has their policy to pay primary and then they're also on their spouse's policy that will pay secondary. So, a lot of times the secondary policy will pick up what the primary doesn't pay for. So, for example, if you have a primary policy that say it has a deductible of $2,000, but the secondary policy doesn't have a, a deductible and they just pay a copay, you can actually get out of paying that deductible because you'll have the second payer pick up. So, the main thing is to really understand the policies, policies that you have and also know which one's primary and which one's secondary. And if you can, you can finagle them and make them more advantageous for you, that will be the best way to do it.


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