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Medicare and Private Insurance: Can You Have Both?

If You Have Both Medicare And Private Insurance, How Does That Work?

As stated earlier, it is possible to have both private and Medicare insurance. But you might begin to wonder how both plans can work together or which of the plans pays first when you receive a medical service. When you have both Medicare and private insurance, a procedure known as “coordination of benefits” is done to determine which of the insurance pays first when you receive a medical service.

The insurance plan that pays first is known as the primary payer while the other insurance plan is the secondary payer. The primary payer pays for medical services provided until the limit has been reached. The secondary payer for expenses that were not covered by the primary payer and it may still not cover all of the entire expenses.