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Ask Dave

Keep Them Both?

What should Brandon do now that he has 2 different insurance policies?

QUESTION: Brandon and his new wife have good jobs with insurance, but they signed up for disability insurance and health insurance through Zander Insurance. Is it smart to keep both health insurance policies? One, but not the other, according to Dave.

ANSWER: On health insurance, you only need one policy. If you have more than one, they will end up fighting over who should pay the medical bills. Long term disability insurance is something you can get cheaply, and you can have both of those so you are more than covered if something happens.