What Is A Cob Insurance Form

Coordination of benefits cob law and legal definition.

What is a cob insurance form. By coordinating benefits among all insurance carriers you will receive the. Also referred to as cob coordination of benefits occurs when an individual is in possession of more than one insurance policy and when it comes to processing a claim the policies are assessed to determine which will be assigned with the primary responsibility for covering the predominant share of the claim costs the process also involves assessing the extent that other policies held will contribute toward the claim. Please make a selection yes i have coverage from another health insurance company. Cob decides which is the primary plan and which one is secondary.

Coordination of benefits cob claims submission guide coordination of benefits applies to members who have coverage with more than one health care plan and helps to ensure that these members receive benefits while avoiding overpayment to the provider by either plan. Instructions print clearly in black ink. This is called coordination of benefits and you may receive a form in the mail about this. The primary plan pays its share of the costs first.

If you have coverage from another health insurance company we can work with them to minimize your out of pocket costs. If you have other insurance in addition to your primary coverage we will need your other insurance information to send to your primary insurance company. Cob policies create a framework for the two insurance companies to work together to coordinate benefits so they pay their fair share. Coordination of benefits cob allows plans that provide health and or prescription coverage for a person with medicare to determine their respective payment responsibilities i e determine which insurance plan has the primary payment responsibility and the extent to which the other plans will contribute when an individual is covered by more than one plan.

Coordination of benefits is the practice of ensuring that insurance claims are not paid multiple times when an enrollee is covered by two health plans at the same time.