Never Miss a Post From The Benefit Advocate

Make better insurance decisions by understanding the different types of insurance and what fits your situation the best. Avoid insurance confusion!

Samuel Patton
Health Insurance Bundles


Hybrid Health Insurance Bundles

Hybrid Health Insurance Bundles are made by combining two or more types of insurance plans. Having multiple plans paying your bills is often a cheaper and better option than having one top of the line plan.

Pros

  • Can essentially turn your plan into a $0 deductible plan.
  • Lowers your out of pocket costs.
  • Helps cover the gaps in your primary plan.
  • Two insurance policies paying is better than one.
  • More providers available if there are 2 networks.

Cons

  • Unscrupulous agents can add unnecessary costs with junk coverage. These are plans that pad the agents pockets while not doing much good for you. These agents may also try to bundle plans without your knowledge under the guise of it being one plan.
  • Sometimes providers will only run the bill through your primary insurance and not the second policy. It’s just something to keep an eye on and have it resubmitted by your doctor. It's not really a Con but something to keep an eye on.

Best Hybrid Health Insurance Bundles

  • Major Medical + Fixed Indemnity
  • Major Medical + Fixed Indemnity + Living Benefit Life
  • Short Term Medical + Fixed Indemnity
  • Short Term Medical + Fixed Indemnity + Living Benefit Life
  • Fixed Indemnity + Living Benefit Life

How Hybrid Health Insurance Bundles Work

With Hybrid Health Insurance Bundles you will have more than one plan paying your bills.

Example:

  • Using Major Medical + Fixed Indemnity: The Major Medical plan is your primary coverage and the Fixed Indemnity Plan is your secondary coverage. We'll say your PCP copay on your Major Medical plan is $50 and your Fixed Indemnity Plan pays a $100 benefit for a doctor's visit. You go to the doctor with this Hybrid Bundle. The doctor’s visit rings up to $250. You pay the PCP copay of $50 and the office files the claim with your two health insurance coverages. You already paid what you owe for the Major Medical plan which is your PCP copay and the fixed indemnity plan sends you a check for the doctor's office benefit of $100 that it owes you. So that $250 doctor visit didn't cost you any money out of pocket. You essentially made $50 on that doctor's visit.

Service

Price

Doctors Visit

$250.00

PCP Copay

-$50.00

Fixed Indemnity Plan Benefit

$100.00

Total

+$50.00

You can use these hybrid bundles to essentially give you a $0 deductible plan.

Example 2:

  • Using Short-Term Medical + Fixed Indemnity: The Short-Term Medical plan is your primary coverage and the Fixed Indemnity Plan is your secondary coverage. We'll say your Short-Term Medical plan has a $5,000 deductible, 50% Network Discount, and 100/0% Coinsurance. Your Fixed Indemnity Plan pays a $1,000 per day hospitalization benefit. You are hospitalized for 5 days. The hospital visit rings up to $10,000. The first thing that happens is the 50% Network Discount from the Short-Term plan is applied to the bill which drops the amount you owe to $5,000. You are responsible for your deductible which is everything up to $5,000. So according to the Short-Term Medical plan, you owe them $5,000. But your Fixed Indemnity plan kicks in and pays $1,000 benefit X 5 days = $5,000 Fixed Indemnity benefit. With the Short-Term Medical plan plus the Fixed Indemnity Benefit you paid $0 out of your pocket. Your Fixed Indemnity plan paid your deductible!

Service

Price

Hospital Visit

$10,000.00

Short-Term Network Discount

-$5,000.00

Fixed Indemnity Plan Benefit

$5,000.00

Amount You Owe

$0.00

Recommended Hybrid Health Insurance Bundles

  • ACA Plans
  • United Healthcare
  • Manhattan Life
  • National General

NOT Recommended Hybrid Health Insurance Bundles

  • US Health Advisors/Freedom Life
  • HII or Health Insurance Innovations
  • Philadelphia American/New Era Life

How To Purchase Hybrid Health Insurance Bundles

  1. Figure your budget.
  2. Have a list of your doctors & preferred hospitals that can be checked to see what plans are in-network.
  3. Your agent will find the best Hybrid Health Insurance Bundles available for your budget that your doctors are in network with.
  4. Choose your plans.
  5. Have your agent fill out the applications and your coverages will be effective once your policies are approved on the specified date.


Self-Service Links For Quoting & Enrollment

If you want to self-quote or self-enroll, click the buttons below.

Conclusion:

Hybrid Health Insurance Bundles offer you the best coverage you can buy. 

About the Author Samuel Patton

Samuel Patton decided to start selling Health, Life, & Medicare insurance in 2016 after being on the claims side of insurance for over 20 years. He quickly learned that much of what was promoted in the insurance industry didn't work. There was a lot of pushing products with hard sell closes and very little listening to clients' needs and letting them choose which options fit their situation the best. In fact, he wanted to quit at times because there was so much dishonesty in the industry. He decided he was going to be the wave of change the industry needed and has continued to push forward.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get this Free E-Book

In this FREE Consumer's Guide you'll learn: 

  • The different types of insurance.
  • How to have a near $0 deductible.
  • Who to and not to buy from.
  • How to avoid 50 spam calls per day.
  • One of the best savings accounts of all time. 
The Consumer's Guide To Buying Health, Life, & Medicare Insurance
>