Double the benefit, double the fun
September 16, 2011 9:03 AM Subscribe
I can insure my spouse through my employer. My spouse can insure me through his employer. Right now we are just going with the better of the two plans. Is there any reason we would want to sign up for both?
We live and work in the USA. Both employer-provided insurance benefits are pretty comprehensive, as these things go. We are mid-30s, have no major health issues beyond a CPAP to feed and care for, which our current plan covers some of. No kids, none planned in the next year. We are financially secure as long as we stick to our (tight) budget, and have reasonably good family resources to fall back on in the event of a catastrophic emergency.
I was just wondering if it made any sense for us to "double up" on insurance or not. I can't imagine why it would, but our annual benefits enrollment period is approaching, so I wanted to see if maybe there's a part of the picture I'm not seeing.
Also...if we do start considering to bring kids into the picture, how does the insurance equation change? Would we want to consider doubling up then even if we don't now?