EP 34: Don’t Lose Your Health Insurance In Divorce

Don’t Lose Your Health Insurance In Divorce

Welcome to the thirty-fourth episode of the Divorce and Your Money Podcast. Shawn Leamon, MBA and a Certified Divorce Financial Analyst, discusses health insurance and what happens to it after your divorce.

Regarding health insurance, you have three options: 1) the spouse with the job continues to pay for it,  2) you get COBRA, or 3) you get a new policy.

If you are separated but not divorced, you can continue to stay on your spouse’s health insurance as long as she or he agrees to keep paying for it.

Key Learning Points:

  • If your spouse agrees, he or she can pay for your health insurance after divorce.
  • COBRA can provide up to 36 months of health insurance.
  • Getting a new policy can be expensive, so be sure you have the right budget for it.

Thank you for listening to the Divorce and Your Money Podcast. We hope the show helps you through one of the most difficult periods of your life. Shawn Leamon is also author of Divorce and Your Money: The No-Nonsense Guide. One-on-one divorce coaching services are available at www.divorceandyourmoney.com.

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Shawn Leamon, MBA, CDFA

Dallas, Texas

Shawn C. H. Leamon is Managing Partner of LaGrande Global, a firm that helps successful families manage large financial transitions like divorce, inheritance and selling a business.

He earned his Bachelor of Arts from Dartmouth College, double majoring in Economics and Philosophy, and his Masters in Business Administration at Spain’s IE Business School.

Before founding LaGrande Global, Shawn helped manage $1.1 billion in client assets at Bernstein Global Wealth Management. He also worked as a credit research analyst at J.P. Morgan. He is a Certified Divorce Financial Analyst, and he has been an advisor to numerous high-stakes divorce cases.

Shawn is the author of two well-received finance books: Managing Private Wealth: Principles, and Divorce and Your Money: The No-Nonsense Guide, both published in 2016.

In his spare time, Shawn is an ultra-endurance athlete and has competed in events as long as 24 hours. He is an Eagle Scout and a member of the Alumni Board of Greenhill School.