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Yes, it helps enormously when a major medical expense is incurred, what one wont allow the other picks up.
It's just a decision you need to make whether the cost is worth it. Among the factors that have to be considered is that major medical policies nearly uniformily have "coordination of benefits provisions", which are intended to ensure that the insured does not get paid twice, and to clarify which of the policies is primary for a given expense.
Instead of two major medical policies, what one can consider is getting a supplemental policy that pays a fixed dollar amount per day while one is hospitalized or disabled irrespective of actual expenses incurred. In that way, the additional funds can be used by the insured to pay co-payments, deductibles, and other non-covered expenses. These kinds of policies are usually far less costly than major medical policies, although they also have far lower policy limits. They are typically available through work, although may be marketed directly as well.
What else can I help you with?
What are some Canadian companies that offer medical insurance policies?
Some of the Canadian Companies that offer Medical Insurance Policies are Aetna International and The Great West Life Assurance Company.Also, Assumption Life and Desjardins Group offer Medical Insurance Policies.
What is the best definition of medical benefits?
medical benefits are typically medical insurance policies.
Medical expenses not covered by insurance policies?
WEED
Where can one find life insurance that does not need a medical?
Life insurance that does not require a medical examination can be purchased through many reputable insurance companies. These policies are known as Simplified Issue Policies, and do require the applicant to answer some medical history questions.
What are two types of insurance policies?
there are two types of insurance 1. Life insurance 2. General insurance
What is the benefit of family medical insurance above individual medical insurance?
The benefit of family medical insurance above individual medical insurance, is that your premiums are much lower and the whole family is covered, instead of having to take out separate policies for everyone.
What different kinds of insurance policies does Prestige Insurance offer?
"Auto insurance provides property, liability and medical coverage:
Is it possible to have two separate car insurance policies for the same vehicle?
No, it is not possible to have two separate car insurance policies for the same vehicle.
Is it possible for me to be covered by two car insurance policies simultaneously"?
No, it is generally not possible to be covered by two car insurance policies simultaneously as it can lead to over-insurance and potential fraud.
What insurance companies offer health insurance policies?
Insurance companies that offer health insurance policies include AARP, Blue Cross, Blue Shield, Green Shield, Health Spring, Medical Mutual, and Golden Rule Insurance.
Can one person be covered by two car insurance policies simultaneously?
No, one person cannot be covered by two car insurance policies simultaneously.
Can a car have two insurance policies at the same time?
No, a car cannot have two insurance policies at the same time. It is against the law and considered insurance fraud to have overlapping coverage on a single vehicle.
