Teller Law Firm, P.C.
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Insurance issues for stay-at-home spouses

A divorcing couple typically considers issues regarding real estate and child custody early in the separation process. However, there are other very important matters for divorcing spouses in Texas to take into consideration. One of those issues is insurance. Spouses with and without children should look into how they will handle health and life insurance after their divorce is finalized.

It's not uncommon for one spouse to cover the entire family on their employer-sponsored health insurance policy. Although this might be cost-effective while the couple is married, it could leave a stay-at-home spouse without coverage after the separation. COBRA is an option, but it's often too expensive for a divorcee to afford. The Affordable Care Act allows spouses with less income or pre-existing conditions to get coverage for themselves and their children.

When a married spouse purchases life insurance, they typically do so to ensure their partner and children have financial support if they pass away unexpectedly. A divorcing spouse may consider purchasing insurance to support themselves if their former partner dies while they are still obligated to pay alimony or child support. Because life insurance is a complex financial product, a divorcing spouse should consider applying for a policy before the divorce is final. If one is unable to get insurance, they may be able to ask the court for modifications to the separation agreement.

Divorce might require a soon-to-be ex to think about matters that haven't previously been on their radar. An attorney who focuses on family law could help a client navigate through the emotional and financial issues often caused by divorce. This guidance could help an individual make the right decisions for the future.

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Teller Law Firm, P.C.
4100 Heritage Avenue, Suite 104
Grapevine, TX 76051

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