What is COB? How its apply?

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COB stands for Coordination of Benefits. It is a process used in insurance to determine the order in which multiple insurance policies should pay for a claim.

COB helps prevent overpayment by ensuring that no more than 100% of the claim amount is paid.
The primary insurance policy is responsible for paying the claim first, while the secondary policy covers the remaining balance.
COB applies to situations where a person has multiple insurance policies, such as through their employer and their spouse's employer.
It is important for individuals to provide accurate information about their insurance coverage to ensure proper COB.
Example: If a medical bill is $1,000 and the primary insurance covers 80%, it will pay $800. The secondary insurance will then cover the remaining 20% ($200).

What is COB? How its apply?

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