I have a client that is attempting to convince me that it is possible to purchase multiple health insurance policies covering the same people and the same health events and to file claims to each of the insurance companies and collect the benefits in cash. The insurance policies are all 'limited medical benefits plans' which provide a fixed benefit for each service regardless of the actual cost. None of the insurance policies contain a coordination of benefits provision and several of the policies in question actually contain clauses that specifically indicate they will not coordinate benefits.
My gut says that this type of stacking isn't right and can't possibly be legal, but my gut isn't legal fact. Any insights?
Thanks!
My gut says that this type of stacking isn't right and can't possibly be legal, but my gut isn't legal fact. Any insights?
Thanks!