My wife and I both have our own separate health insurance plans. What are the benefits/drawbacks of having our kids double covered?

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Charles J. Stevens, Principal, evergreen financial, LLC

@CharlesStevens • 09/04/15 This answer was first published on 09/04/15. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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I see a Red Flag here.

When you each completed the application for coverage. did you list the children and say that one had other coverage through another plan/carrier? If not and you signed the apllications that all the information given was true AND complete, you may have given boith carriers sufficient grounds to deny paying any claims. Their challenge would be based on a false application and ommitted relevant information which is grounds enough to deny claims submitted.

If your employers fell this is not a problem, then go with their advice, but I'd get that advice in writing. In any event, if a single claim is filed under both policies, I'm certain that only one of the compnaies will pay the claim.

see this user

Francisco Ramirez, President, Insuringmyself.com LLC

@FranciscoRamirez • 09/03/15 This answer was first published on 09/03/15. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Benefits - probably a wider choice in care

Cons - higher overall premium cost, possibly higher realizedl deductible

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