Health Insurance Options after a Divorce
After getting a divorce, the spouse who does not have a direct employer’s health plan coverage is left with namely four options to get continued health insurance coverage.
Get COBRA Insurance Coverage Through Ex-spouses’ Employer’s Health Plan
COBRA act offers health insurance coverage protection to the spouse of an employee up to 36 months after the divorce, if the spouse is willing to pay for the insurance premium. However, this way of extending coverage doesn’t go well in each as every case as the spouse may not be able to afford the expensive premium. In such cases, these people should explore, the other three options discussed here.
Getting Health Insurance Cover through One’s Own Employer
The divorced spouse can get health insurance coverage under his/her employer’s health plan, if he/she is employed and the employer offers a free or a discounted health insurance plan. This course may be practical only if the employer’s health insurance premium is well below the COBRA insurance coverage costs.
Get a New Health Insurance Plan
There is always the option to forgo the COBRA health insurance divorce benefits, if the divorced spouse can find some cheaper health insurance plan which offers an equally good coverage. However, here absolute caution and thorough research are needed because more often than not, cheaper insurance plans impose a lot of constraints.
Delaying the Divorce with a Separation Agreement
When it’s difficult for the dependent spouse to pay the premium towards COBRA coverage, and the employed partner is willing to help, the couple can enter into a separation agreement and delay the divorce. This way the dependent partner continues to enjoy the employed partner's employer’s health plan coverage, without paying the complete insurance premiums until the time the actual divorce takes place.