What is the term for the processing of claims using more than one coverage plan?

The processing of claims using more than one coverage plan is referred to as Coordination of Benefits (COB). This term describes a procedure that determines which insurance plan is responsible for paying a claim first, thereby preventing overpayment and ensuring that the total paid does not exceed the total amount of the claim.

In a typical scenario, when an individual has multiple insurance policies, the COB process allows the involved parties to coordinate the benefits they provide. This ensures that all medical expenses are covered without duplicating payments for the same service. It functions to streamline the claims process by clarifying responsibility across multiple insurers, making it an essential aspect of insurance management when dealing with overlapping coverage plans.

The other terms presented do not accurately capture this concept. For example, Single Coverage Handling implies there is only one insurance plan involved. Multi-layered Claims Processing and Integrated Coverage Management are vague and do not specifically refer to the established process of coordinating benefits between different coverage plans. Thus, Coordination of Benefits is the precise term used in the insurance industry to describe this essential processing mechanism.