Divorce and Health Insurance

Divorce and Health Insurance

I was talking with a colleague the other day who told me an interesting story.  When she got divorced, her former husband agreed to provide health insurance coverage for their son, which he did.  When my (self employed) colleague remarried, her new husband wanted to cover her and her son on the policy through his employer as the additional cost was not that much and was really good coverage.  It seemed like a bit of an extravagance at the time, but they did it nonetheless.

Some years later, their now adult son (in his early 20s) got a serious disease and the hospital bill was around $500,000.  No problem:  his father’s health insurance should cover it. Unfortunately, his father had had some serious health issues himself and had maxed out on his benefits.  So, step-father’s insurance coverage was very much needed and paid for all the treatment and long hospital stay.

The moral of the story is that if the children have health issues, or if the parents have a history of health issues, it may be wise to double up on insurance for the children, especially if it is being subsidized by employers.  Many people face bankruptcy in this country because they have to deal with extremely large medical bills because they are, or become, uninsured for some reason.  Sometimes it is better to be safe than sorry.


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