Overlapping coverage
originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.
Q: I currently have insurance paid for by myself for my wife and I. I've had this policy 10 years continuously. I do have medical issues that were I to drop the policy, most companies would not insure me. I'm contemplating taking a job that will offer health benefits from day 1. Can I carry both policies for a short time while I decide whether this new company is where I really want to remain? I'm concerned that were I to drop my current policy, start work at the new company, not like it, quit and then I'd be stuck without the hope of getting insurance. What would be my options?
A: You could have both policies for awhile but of course you cannot put claims in to both policies. If the insurance company know about overlapping coverage, they are required to correct it as a consumer protection issue.
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