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How Does Dual Health Insurance Work?

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From Quick Guide: Healthcare Insurance toolkit

Summary: Dual health insurance is when there is a primary and secondary policy from two different carriers, and the companies work together in paying the claims. Discover how dual health insurance works, and how it can be expensive, with tips from an insurance broker in this free video on health care and financial planning.

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By Vic Schumacher
eHow Presenter

Vic Schumacher is part of HPE Financial Services, a brokerage insurance company representing all major carriers. He works with businesses, families and individuals, helping them to...read more

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Video Transcript

"Hello, my name is Vic Schumacher. The company is HPE Financial Services. It's my understanding, you're trying to understand, how dual health insurance works. By definition, dual health insurance, is when there are two different policies, one from one carrier, one from another carrier. One becomes the primary. One becomes the secondary. The companies can work together in paying the claims, that you might file. It's just a matter of who's going to pay the most, and who's going to pay the secondary? The companies have to coordinate and work this together. It is possible to have dual health insurance, but it's also very expensive, because you're going to wind up paying for two different policies. Maybe your employer can handle one section. Maybe on an individual policy, you might have to handle the other section. My best suggestion to you is, do you really need dual coverage? Can you afford dual coverage? It's nice to have it, if you are going out of the network, where the service is normally provided, but is it always necessary? Contact a good adviser in this particular area, talk to them about your particular needs, and have them direct you to one or two different companies, that can handle this for you. HPE Financial Services is our company. My name is Vic Schumacher, helping people every day."

eHow Article: How Does Dual Health Insurance Work?

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