Divorce is not the outcome that most people think will happen to them. In addition to dealing with your feelings of sadness and anger, ending a marriage can lead to other matters that you need to address.

You must figure out what to do about custody of and support for your children and how to separate your assets. In addition, divorce might impact certain benefits you rely on.

A knowledgeable legal practitioner could advise you on obtaining or terminating benefits after The Colony divorce. Call our law office today to speak with a diligent divorce attorney.

How a Divorce Can Affect Health Insurance Benefits

During a marriage, many spouses share the same insurance plan. Couples often sign up for health coverage through one spouse’s employer-sponsored plan. People find it easier to have the entire family on the same plan, especially when one spouse’s employer offers better benefits and a more cost-effective option.

However, when the spouses decide to divorce, one party could risk losing their coverage. After a marriage ends, people might need to look to other sources for health insurance, including the following:

  • Continuing health insurance under the same insurance plan through COBRA, which can be considerably more expensive and is often limited in duration
  • Signing up for coverage under their own employer’s health insurance plan
  • Purchasing individual health insurance (these can be more expensive than group plans but may be a good option if the individual is unemployed)
  • Choosing the plan that works best for them through the Texas Health Insurance Marketplace

If a divorce terminates health insurance benefits, a trusted attorney in The Colony could help their client research and obtain new coverage. A diligent legal team might also be able to request that one party temporarily or permanently cover the insurance plan for their former spouse.

Other Benefits That Are Affected by Divorce

In addition to potentially losing health care insurance after a divorce, it can impact other types of benefits people rely on.

Retirement Benefits

Divorce can affect different types of retirement plans. People may want to change how much they contribute to their retirement plans or the named beneficiaries so their former spouse does not inherit their benefits. A court might order a Qualified Domestic Relations Order to fairly split the benefits earned during the marriage in 401ks and pension plans.

Social Security Benefits

Divorce can also impact social security benefits. People who were married for more than ten years might have a valid claim to social security benefits through their former spouse’s employment record. If someone dies, their former spouse might be eligible to claim survivor benefits under certain circumstances.

A dedicated legal team in The Colony could carefully discuss the implications of divorce on benefits, including termination and how to obtain new health insurance coverage.

Speak With an Attorney in The Colony About Obtaining or Terminating Benefits After a Divorce

When you and your spouse get divorced, there is a lot to think about. In addition to trying to figure out issues regarding custody of your children and division of your assets, you need to consider your healthcare, savings, and retirement.

A well-versed local lawyer could help you understand important issues regarding obtaining or terminating benefits after The Colony divorce cases. Reach out to our professional law office today to arrange a preliminary consultation.

Meet Matt Towson

Our Law Firm’s approach to your case is based on individual circumstances. Whether it is a simple negotiated settlement, or it requires an aggressive approach, we will protect and defend your best interests.

Meet Matt Towson
Meet Matt Towson
Meet Matt Towson