Asked by Katelyn Smith on Jul 07, 2024
Verified
What is the typical result when spouses have overlapping extended benefits coverage, such as dental and disability?
Extended Benefits
Refers to additional benefits provided beyond the standard offerings, often in the context of unemployment insurance, health insurance, or retirement plans, aiming to offer added security during specific circumstances.
Overlapping
Refers to situations or areas where elements or responsibilities cover the same portion or aspect, leading to potential conflicts or redundancies.
Spouses
Two individuals married to each other or considered in a relationship equivalent to marriage under the law.
- Discriminate among several forms of insurance and their critical significance.
Verified Answer
JM
Jacob MarcanoJul 10, 2024
Final Answer :
Usually, there is a deductible amount that must be paid or a limitation on the coverage. When there are two policies, one can often be used to cover the shortfall of the other (but not to overpay).
Learning Objectives
- Discriminate among several forms of insurance and their critical significance.