Divorce brings about a whirlwind of change, and practical matters like insurance can get easily overshadowed amidst the heartache. In Illinois, understanding how divorce impacts your insurance policies – be it health, life, or property insurance – is crucial for your financial and personal stability. By hiring a divorce attorney and re-evaluating or adjusting your insurance coverage, you can better protect yourself and your loved ones from unforeseen circumstances.
Understanding Health Insurance Coverage Post-Divorce
One of the most immediate concerns during a divorce is health insurance. If you are currently covered under your spouse’s plan, you will need to seek alternative coverage post-divorce. Illinois law allows you to remain on your spouse’s plan until the divorce is finalized, but once the paperwork is signed, you need a new plan. Research your options thoroughly, whether that is through your employer, the marketplace, or COBRA.