You have a lot to take care of with your divorce, but did you add securing health insurance to your checklist? If you relied on your spouse’s health insurance policy, you must take extra steps to continue receiving coverage.
WebMD offers options for maintaining health insurance during divorce. See how you can retain your current policy or secure a new one.
Look into COBRA
If your soon-to-be-ex-spouse has health insurance from an employer with at least 20 employees, you can look into Consolidated Omnibus Budget Reconciliation Act coverage to maintain your insurance. With COBRA, you retain your current policy for as many as 36 months, during which time you have to pay all monthly premiums. Taking advantage of the act involves reaching out to the plan administrator, so you may need to get in touch with your current spouse’s employer’s HR department.
Make health insurance part of the divorce settlement
A second option is to add health coverage to your divorce settlement. This could be a suitable option if you and your spouse have an amicable divorce.
Sign up for your employer’s health insurance plan
Does your employer provide employees with health insurance? If so, explore your options to see if you can get the same or similar coverage that meets your new budget as a single person. You may have to wait until the next enrollment period comes around before securing coverage, but you could qualify for special enrollment because of your divorce.
By making sure you have health insurance after divorce proceedings end, you have one less thing to worry about. Consider the above suggestions for the next chapter of your life.