Are you rummaging the internet for pointers on 'divorce and health insurance'? Fast Health Quotes can help you with your queries on health insurance in a divorce settlement. We are one of the leading portals, and we work with the major insurance providers in the country to bring you the best quotes on health insurance plans.
What happens with health insurance when you divorce?
Health insurance is an asset shared by both you and your spouse. However, according to Federal law, your health insurance coverage ends as soon as you get a divorce. Most insurance plans allow an ex-spouse to get health insurance for up to 3 years after the divorce through COBRA. To qualify for health insurance under this scheme, the spouse's company must have a minimum of 20 employees, and the company must offer insurance as a benefit to its employees.
If your ex-spouse works for an employer with less than 20 employees, you can apply for health insurance through a mini-COBRA plan. However, COBRA premiums can be expensive, and sooner or later, you must start looking into other health plans. Be sure to notify your health insurance company about your divorce within the stated period as most insurers have stringent rules about being notified of a couple’s divorce.
Who pays health insurance in a divorce?
After divorce, each spouse must pay for their own health insurance coverage. If you were under your spouse’s employer policy, you would no longer be eligible for this coverage. A plan called COBRA allows the other spouse to buy into the group policy for up to 36 months after the divorce, but you will have to pay the entire premium cost.
Furthermore, The ACA allows divorced spouses to buy health insurance coverage on the state exchange, regardless of whether or not you are outside of the normal enrolment period. If the high premium costs worry you, you can negotiate with your spouse during the settlement and request him or her to pay the premiums.
Health insurance tips when you get divorced
You should include health insurance in your divorce settlement, especially if you have been getting coverage on your spouse's plan. At the time of divorce, you can put a requirement in the settlement asking your former spouse to continue providing coverage for you.
In case you are the one with a health plan that includes coverage for your spouse, you may have to pay an additional premium for your ex-spouse and your children to ensure that they continue to receive health coverage.
Can I remove my husband from my health insurance?
If you are on your spouse's insurance, you cannot remove him or her from your plan before a divorce. However, once your divorce gets finalized, you can remove your ex-spouse from your health insurance policy.
Call us today to find affordable individual and family health insurance plans. At Fast Health Quotes, we assist you with your questions on what happens with health insurance when you divorce. We understand your fear of having to lose health insurance in a divorce settlement. Don't worry, just give us a call at 844-325-2023 today.Health Insurance In A Divorce Settlement