What does Nonduplication of Benefits mean? Read on to discover the definition & meaning of the term Nonduplication of Benefits - to help you better understand the language used in insurance policies.
Nonduplication of Benefits
A provision in a health insurance or disability policy designed to eliminate the possibility of an insured receiving benefits greater than the economic loss suffered. Most long-term disability income policies offset the benefits paid in accordance with other benefits to which the disabled claimant is entitled. Similarly, most health insurance policies contain provisions to avoid duplication of benefits when more than one policy applies.
We hope the you have a better understanding of the meaning of Nonduplication of Benefits.