Can I collect from two private long term disability policy’s at the same time?

  • by Broker
  • May 11,2018
  • 8 answers

Can I collect from two private long term disability policy’s at the same time?


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Insurance Answers (8)

? 3 months ago

Yes

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curtisports2 3 months ago

Yes. If you have one private plan and one employer-paid group plan, the group plan MIGHT reduce benefits paid based on Social Security or workman's comp income you receive, but it is rare for a group plan to offset what you receive from a private disability plan you paid for with your own, after-tax dollars. If you have two private plans, you may collect on both without any reductions.
People who are telling you that you can't are confusing PRIVATE DISABILITY INSURANCE with health insurance, which almost always involves coordination of benefits, so that you don't get covered or reimbursed for more than the actual cost of treatments/services.

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Max Hoopla 3 months ago

Yes if you paid for them.

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mbrcatz 3 months ago

Yes, but you can't collect the same dollar twice from two different policies. The MOST you can get, is the higher payout. When you have more than one policy that is valid and collectable, the policies all share in the payout amount. Example: If one pays $100 a month, and the second pays $110, the first one will pay the $100, and the second one will pay $10.

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Caoedhen 3 months ago

You should be able to do so, but what do the policies say?

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babyboomer1001 3 months ago

No. That's called double dipping and you cannot do that. When there is more than one policy, one is a primary and the other is a secondary. The primary policy pays first. Anything that that primary policy does not cover, then the secondary policy would cover that portion, if it covers it.

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David 14 3 months ago

Probably. Depends on the policy language.

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Flower 3 months ago

Sure if you have paid your premiums up to date.

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