National Insurance Direct

Can You Have More Than One Health Insurance Plan?

According to the United States Census, around ninety-two percent of people in the country have some form of health insurance. However, the complicated nature of our healthcare system can lead to some confusing situations. For example, can you have more than one health insurance plan?

This is a scenario that often arises for young people who are newly married or still on their parent’s health insurance plan. If you want to learn more about this topic, then you’re in the right place. In this article, we’ll be covering everything you need to know about multiple health insurance plans. Let’s get started!

Can You Have More Than One Health Insurance Plan?

In simple terms — yes you can have more than one health insurance plan. Legally, there are no limitations to the number of insurance policies you’re allowed to have. As such, there are thousands of individuals who use this type of dual coverage. Depending on the circumstances there are a variety of reasons why you would want multiple plans. We’ll go over them in the next section. 

What Are Some of the Reasons You Would Have More Than One Plan? 

There are a lot of reasons why someone might want to have dual health insurance. The most common reason is being under twenty-six and still on your parent’s health insurance plan. If you get a job, then you may want to remain on their plan, while still using your employer’s. Or, if your parents get divorced, then they will both likely start separate plans.

As such, it might be worth it to go on both of theirs at the same time. An individual may also want to have multiple plans in they have a policy and are also on Medicaid. Another popular case is through marriage. If you’re married and you both have two separate health insurance plans from your employers, then you can be on both of them.

Another reason why you might want to have more than one health insurance plan is for security. For example, let’s say you get most of your insurance from your employer’s healthcare plan.

A short-term health insurance plan can help fill in the gaps by providing essentials like preventive care, emergency visits, and prescriptions. That way, if you ever lose your job (and primary insurance) you can easily have a backup option. 

How Does Having Multiple Policies Work?

It’s important to know that having two insurance policies doesn’t mean that you get reimbursed two times for each trip to the doctor. It also doesn’t mean you get twice as much medication or anything like that. The amount of the combined plans will never fully exceed 100% of the cost in healthcare.

Instead, having multiple policies requires the coordination of the two into primary insurance and secondary insurance. This coordination determines which policy pays first and which ones are responsible for what. Your primary insurance plan will be the provider that pays up to the coverage limits first.

Once your primary insurance has reached this limit it will go over to the secondary provider. Depending on your coverage, this provider will then cover part of, or all of, the rest of the cost.

Keep in mind that both of these plans will only pay up to their plan limits. As such, once both of them pay, you will need to pay the rest of the medical costs out of pocket. Because of this, it’s smart to compare different plans so you get the full amount of coverage you need. Make sure to pay close attention to the copayments, deductibles, and premiums. 

Benefits of Multiple Insurance Plans

Depending on your set-up, there are a lot of pluses that come from having multiple health insurance policies. Having dual policies typically means extra financial help for covering medical procedures covered by both plans. As we mentioned before, it also provides you with a bit of security.

If you’re on your parent’s or partner’s plan, then you don’t need to worry about losing all of your insurance if you ever lose your job. If you organize it right, then you also get a lot of other benefits out of your differing plans.

For example, one insurance policy might provide great coverage on prescriptions and doctor visits, while another might provide excellent dental coverage. As such, two plans can help fill in the gaps of certain policies that lack comprehensive benefits. 

Drawbacks of Multiple Insurance Plans

Unfortunately, some drawbacks come with having multiple insurance plans. Certain health plans require sharing costs if multiple people are being covered by one plan. As such, this may add some financial strain on your healthcare budget. Having two insurance plans is also pretty complicated.

You will need to communicate with two different suppliers. Since insurance companies often have long wait times for customer service representatives, this can mean a lot of waiting if you need help. Also, keep in mind that the combined coverage will never fully exceed 100% of the cost. 

Need Help Finding the Best Plan For You? Contact National Insurance Direct

We hope this article helped you answer the question, Can you have more than one health insurance plan? Ultimately two insurance plans are a good way for certain people to maximize the benefits they get from both options. If you’re looking for a second plan to fill the gaps in your primary insurance, then you might be wondering which carrier to choose.

Instead of a carrier, consider going with an independent agent like National Insurance Direct. Our company is beholden to no carrier, which means we’re able to put your needs first.

As such, we’re able to find the best primary or secondary, insurance plan that fits both your healthcare requirements and price. Get in touch with an agent today to get a quote on the perfect healthcare insurance for you.