Indiana Individual Health Insurance and Divorce

If your ex-spouse had employer-sponsored coverage, you’re entitled to 18 months of Cobra coverage. Cobra coverage can be more expensive than what is available in the individual market, but it may be the best solution if you have already met your deductible for the year. For Individual coverage, you will have multiple carriers in the marketplace. It is important that before you start researching coverage, you put a list together of all your doctors and prescriptions. The individual carriers have networks that are more narrow than traditional employer-based coverage. Pharmacy coverage will also vary from carrier to carrier. Through the Affordable Care Act, you may be eligible for premium assistance. Premium assistance is determined by household income. If you are just returning to the workforce, your taxable income may be low, which could qualify you for a low-cost policy along with cost-sharing reductions (CSR). CSR can reduce your deductible and out-of-pocket costs significantly. If the father is concerned about his physicians who operate in a different health system, rest assured; we can split the coverage and put Dad on his plan.