Coordination of Benefits
Quick Description
The coordination of benefits provision is some policy contracts means a Long-Term Care policy will pay benefits only after any other insurance policy or government agency has made payment. It will not make payments on top of benefits from some other policy. This is to prevent the insured from making a profit from a policy.
Full Description
The coordination of benefits provision is some policy contracts means a Long-Term Care policy will pay benefits only after any other insurance policy or government agency has made payment. It will not make payments on top of benefits from some other policy. This is to prevent the insured from making a profit from a policy.