Choosing An Individual Health Insurance Plan After Divorce


Divorce is a major change, as such, it impacts nearly every area of your life, including your health insurance coverage. If you relied on coverage from your ex-spouse during the marriage, now that the decree has been finalized, you will not need to secure your own coverage. Here are some tips to assist you in your search.

Discuss a Rollover Policy

If you like your existing health insurance provider and policy, contact the insurance company to find out if they can roll your existing coverage into an individual plan. Insurance companies have a variety of options, so they may have an individual plan that mimics your family policy. 

However, be sure to make this call before the divorce is finalized. From a legal standpoint, once the divorce is finalized, if the policy is in the name of your ex, your coverage may be dropped immediately, or they may not be unable to speak with you regarding the policy. 

Focus on Your Health

Now that you only must worry about your coverage, if you want to get a new policy, begin your effort with a focus on your health. Not every person has the same health needs, and therefore, does not require the same health coverage. If your ex-spouse had multiple pre-existing conditions and you have a clearer bill of health, you may benefit from a plan with less coverage, given that you may not visit the doctor as often.

The same is true when it comes to additional options, such as prescription medication coverage and vision insurance. Keep in mind that too much coverage is always better than too little when you need it, so take your time weighing this decision. 

Focus on Yearly Costs 

The fee structure for an individual plan and a family plan is quite different in several areas, including out-of-pocket costs. Since this is an expense you will now hold on your own, you want to ensure you budget correctly. To go about achieving this goal, avoid solely focusing on the monthly premium costs, but also factor in yearly out-of-pocket costs for the policy.

For example, some policies have low monthly premiums, but in return have higher yearly deductibles that must be met before coverage is maximized. On the contrary, some higher monthly premiums have lower yearly cost requirements. Consider your budgeting needs. 

The above are just some of the factors you need to consider as you search for individual health insurance. If you keep these tips in mind, you should be able to find a policy that suits your needs. 

For more info, contact a company like Wilkinson Insurance Agency.


14 October 2022

Finding The Right Medical Insurance Plan

After we had our first baby, we realized how important medical insurance was. We were strapped for cash as it was, and we were left dealing with thousands of dollars worth of medical bills because of our lack of proper insurance. After paying everything off, we started shopping around for a better medical insurance plan. It took a lot of work, but after we found a plan with a lower deductible and better coverage, we knew that we would be able to save some serious money. This blog is dedicated to helping people find a better medical insurance plan, so that you can save money and stress less.