Florida Health Insurance Tips

Florida Health Insurance Terms:
Define Term:
"Coordination of Benefits - (COB)"

This is when you, the covered person, is covered by another plan or plans, the benefits under the policy and the other Plan(s) will be coordinated so benefits from all sources do not exceed 100 percent of allowable medical expenses.

Choosing to include dependents, such as a spouse or children, as part of your health benefits coverage through ASEBP provides you and your loved ones protection from the full cost of health care expenses. It might also give you the opportunity to make the most of other coverage your dependents have and thereby reduce your out-of-pocket expenses for things such as prescription drugs, dental care, eye glasses and more.

Submitting claims in this way (i.e. to more than one benefit plan or carrier) is sometimes referred to as “Coordination of Benefits” and it is a great way to maximize health-benefits coverage and potentially re-coup all of your out-of-pocket expenses.

Remember that each carrier’s normal maximums and fee schedules apply and you will never receive more than the actual cost of the product or service. Understanding how this process works is easier than you might think.

News Article: More About: "Coordination of Benefits"

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