Will I Lose Insurance During My Divorce?

Insurance Coverage During and After Divorce

During the stress of determining division of assets, child support, and alimony, one question that can be overlooked is that of insurance coverage. Are you covered through health insurance held by your spouse? What about auto insurance, life, or long term care disability? Do you know what type of coverage you have, and what the policy limitations and coverage terms and conditions are? Have you changed your beneficiaries on your life insurance policies?

Sadly, sometimes the spouse holding the insurance either ceases payment during the divorce process or changes the type of coverage held. A good rule of thumb is to make sure you get receipts for payments, and check that the coverage hasn’t changed and is still in place by speaking with your carrier. You may wish to verify insurance coverage on a monthly basis until your divorce is finalized; if insurance is canceled because the premiums have not been paid, often it is difficult to get it reinstated.