One of the many decisions divorces must consider when ending a marriage is how to divide up healthcare coverage. Many individuals opt to keep their current plan, but there are some potential post-divorce dangers of staying on the same health insurance plan that should be taken into account.
The most obvious issue with remaining on the same medical insurance policy is that costs will likely increase significantly since additional premiums may be required for both you and your ex-spouse. This can be particularly problematic if one of you has a pre-existing condition such as diabetes or another chronic illness that requires ongoing treatments or medication – the costs associated with covering these expenses can add up fast, especially if a high deductible health plan is in place. To avoid this scenario, it’s often prudent to find new individual policies for each person – this way, everyone can take advantage of lower costs due to increased competition among insurers as well as any discounts available from employers or other organizations.
Another concern is privacy – staying on your former spouse’s health insurance policy could mean that they have access to personal medical information about you and vice versa. State laws vary regarding how much leeway insurance companies have when it comes to sharing this type of data, so consult an attorney if needed. Additionally, it may not be possible to add additional dependents (such as children) under the existing policy – so if further coverage is needed after divorce proceedings begin, look into obtaining separate plans instead.
Finally, don’t overlook the psychological aspect of this situation: even after splitting apart physically and legally, being ‘connected’ via medical insurance can dredge up painful feelings related to the divorce itself. The intent here isn’t to suggest cutting all ties immediately but rather recommending making sure that any ongoing interactions between yourself and your ex occur in healthy doses and beneficial ways over time instead of pouring salt on old wounds with every bill paid or form filled out from the same provider.
For those couples who remain married yet seek different healthcare policies for themselves – perhaps due to geographical distance or varying employment circumstances – exploring individual plans may be a smart option as well. Having separate policies would ensure maximum flexibility for both parties down the road when changes inevitably come about; plus, it just makes sense given potential cost savings too!
Making sure all facets of life are addressed in order during a fast divorce is no easy feat but getting ahead of issues like health insurance can help make financial planning easier while still protecting personal interests in equal measure. Taking care now could result in having more money set aside later while also looking out for emotional interests too!