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Q: What is the secondary function of Insurance?
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Can you have a secondary beneficiary on your life insurance?

Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.


What is third insurance called?

pertaining to medical insurance; primary secondary TERTIARY IS THE ANSWER


What is tertiary insurance?

Tertiary insurance is the 3rd insurance policy responsible for payment. Example... Medicare, primary payor Blue Cross Blue Shield, secondary payor Aetna, tertiary payor


Can primary market function without the existence of secondary market?

Yes, the primary market can function without the existence of a secondary market, but it may face some challenges: Lack of Liquidity: Without a secondary market, it can be difficult for investors to sell the securities they purchased in the primary market. This means they may need to wait for a long time before they can realize returns on their investments. Uncertain Valuation: Without a secondary market, investors may find it challenging to determine the value of the securities they hold, as they lack the pricing information provided by the secondary market. Lack of Diversification: In the absence of the ability to sell securities in the secondary market, investors may struggle to diversify their investment portfolios, increasing investment risks. While the primary market can operate independently, the presence of a secondary market helps enhance liquidity and price discovery, making markets more efficient and attractive to investors.


Can an individual investor sell its shells without a secondary market?

what is a secondary investor what is a secondary investor what is a secondary investor

Related questions

Will secondary insurance pay the co insurance amount of primary insurance if you have met the deductible in secondary insurance?

Yes


Will secondary insurance cover claims denied by your primary insurance?

As long as it is a covered expense by your secondary insurance and a claim has been filed with the primarty insurance then the answer is yes. The secondary insurance will only cover the expense according to your plan.


Does secondary insurance cover or pay copays of primary insurance?

The secondary insurance cover both pays and co-pays of the primary insurance depending with the insurance company.


Will secondary private insurance pay deductible from the primary insurance?

Some will. Check with the secondary insurer.


What do you do if your doctor does not submit to your secondary insurance and now its denied for timely filing?

appeal to secondary insurance


Does secondary private insurance pay what primary private insurance will not pay?

Yes, if the secondary insurance plan covers it In the pharmacy (drugs) world of primary and secondary coverage, this is true.


Can your doctor bill you before submitting a claim to your secondary insurance?

Yes. Your doctor is not required to file to your secondary insurance.


If the primary insurance allows more than the secondary insurance what would the secondary insurance pay?

Secondary insurance will not pay the claim but the remaining charges should not be billed to the member/patient. Provider of service should write off the patient responsibility that primary insurance applied.


Can you have a secondary beneficiary on your life insurance?

Yes, you can have a secondary beneficiary on your life insurance policy. If the primary beneficiary is no longer living when you pass away, the secondary beneficiary would receive the proceeds from your life insurance policy.


If primary insurance denies coverage and you have secondary who is responsible to pay the bill?

== == If secondary insurance denies coverage, YOU get to pay the bill. == ==


You have Medicare as primary insurance and BCBS as secondary insurance Do you pay the copay on the secondary insurance?

The answer to this question depends on what kind of secondary insurance you have - is it a group health plan? Is it a supplement? If Medicare is primary, there are still deductibles, copays, coinsurance that would need to be satisfied by your secondary insurance. Based on your question, I'm assuming that you have a group health plan with a copayment as your secondary insurance. If so, then yes, you would pay your copayment but it would not exceed the part B deductible.


What is meant by primary and secondary insurance coverage?

Primary insurance coverage is what is first used when a medical service is being rendered. This is what will be billed first. Secondary insurance is supposed to cover what the primary insurance does not.