Insurance Coverage Post Divorce

Insurance Questions after Your Divorce is Final

What insurance policies will you need to replace or change after your divorce? Are you eligible for COBRA? You may wish to separate out some policies. Remember that insurance is usually more than just health or auto – include any life, disability, and long term care insurance in your planning. How much will it cost to continue the policies on your own? These costs may influence what you need during a divorce settlement.

If you have dependent children, and are reliant on child support and alimony, you may want to ensure that your spouse maintains both life insurance and disability insurance.

Should I Remove My Ex-Spouse From My Insurance Policy?

If you are carrying health insurance on your spouse, you should not rush to cancel the policy. You may have a responsibility under COBRA to notify your spouse before canceling the policy. Also, in North Carolina, hospitals and doctors may attempt to hold you liable for medical bills incurred by your spouse. There are very limited ways to protect yourself when this happens. Do not get caught in this minefield. Speak with an attorney before canceling any insurance policy.