Hello my name is Vic Schumacher. The company
is HPE Financial Services. The topic we’re going to discuss today is coordination of
benefits and how to understand that. What that really comes down to is a working of
a primary carrier and a secondary carrier. The coordination of benefits rule applies
only to group plot plans, it does not apply to an individual plan that someone might have.
So if something happens and you have to use the policy, the carrier or carriers will sit
down with the employer and they will decide who’s going to be the primary and who’s going
to be the secondary. Who’s going to cover what benefits and who’s going to cover what
benefits on the other side and what percentages they will cover. All you have to do is go
to your employer, explain what you’re about to do and the coordination of benefits will
work within the individual policies themselves. The insurance companies will take care of
the problem; you don’t have to worry about it. My name is Vic Schumacher; the company
is HPE Financial Services, helping people everyday.