Coordination of Benefits

Quick Answer

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.

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Detailed Answer

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.