is it possible to have to insurances, say one through work and one on your own, that will essentially leave you with no bill?
5
✅ Answers
No. If you have more than one, they don’t pay more. They just pay slower.
1. If you have one insurance that would have paid 50% if it was the only insurance, and you have another insurance that would have paid 50% if it was the only insurance, then only 50% gets paid by insurance. It might be 50% by one and 0% by the other, or it might be 25% by each, but it won’t be over 50% total. You can have 10,0 insurances, but it won’t matter. If none of them pays more than 50%, then only 50% gets paid by insurance. You still have to pay the other 50% yourself.
2. Because 1% has to be paid right away, and it takes time for the insurance companies to decide which one of them will pay, you have to pay a bill for 1%, yourself, on time. Later, after the insurance companies decide which insurance will pay how much, and 50% gets paid by insurance, you get back 1/2 of what you paid. But you are still out the other 50%, the same 50% that you would have needed to pay if you had only one insurance. And you had to find a way to pay 1% yourself, which you would not have needed to do if you had only one insurance.
No, real “insurance” doesn’t work that way. They coordinate coverage, they don’t stack.
The ONLY way to get two “insurances” and end up nothing out of pocket, is if one of them is welfare – Medicaid.
Only welfare recipients get first dollar coverage. Those of us paying for those benefits, get crappier coverage.
What Rob said. It rarely makes sense.
not in real world
Source(s): been there
No