Is there such a thing as too much health insurance?
September 27, 2005 9:18 AM Subscribe
Redundant health insurance policies with the same insurance company: will they use this to screw me?
posted by junkbox to work & money (4 answers total)
Currently, I'm covered under my husband's health insurance policy. He pays a small premium ($100/month pre-tax) for the both of us, which provides really excellent coverage through Anthem.
I just became eligible for health insurance through my own employer, who will pay 100% of my premium for a slightly different policy with Anthem. Since there's no cost to me, I'd like to enroll in my company's plan as well, because it offers a few benefits (like vision insurance) that my husband's plan doesn't offer. However, I would continue to use my husband's plan for doctor's visits, because of the lower co-payments, more robust coverage, etc.
My only concern is that, by having 2 policies with the same company, Anthem would try and hold me to whatever the lowest paid benefit is at any time. So if I need, say, X-rays, and my husband's plan would cost a $100 deductable, and my company plan would cost a $250 deductable, they would try to hold me to the higher deductable, even if I presented my husband's insurance card at time of service.
My husband and I discussed purchasing supplemental vision insurance through his plan, but the cost in premiums would be about equal to the cost we pay for exams, contacts, etc, so it's really of no benefit.
Unfortunately, I know first-hand that companies like Anthem will go to great lengths to avoid paying out benefits. Any advice or experience you've had with carrying multiple health insurance plans would be appreciated.