Monday, August 2, 2010

A to Z of divorce: B for Benefits

Benefits, including medical insurance, are an asset divided between spouses at divorce. Usually, one spouse covers the other through their insurance plan. After divorce, the insurance plan administrators would no longer consider the covered person as a spouse, so that person would have to pay an extra premium if they wished to remain in that plan. If that person has employment themselves, they should qualify for their own company's benefits, which they might not have had to make use of before. The children of the marriage are usually covered by the parent who has the better insurance coverage. That parent would then get a reduction from their share of child support owed.

This is not legal advice. Please seek the services of an experienced attorney if you need help with your legal situation.

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