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COBRA Insurance and Divorce Information Provided by: Budget Life Key Points COBRA is not just for when you are no longer employed. COBRA is also for couples going through divorce. In the instance of divorce, you would choose to purchase the coverage and pay out of pocket the premiums. Divorce is a qualifying event under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). Under this act, any person who would lose employer-based coverage because of divorce can choose to purchase continued coverage for up to 36 months. The act applies to employers with 20 or more employees, but the coverage is not automatic: you need to contact the employer within 60 days of the qualifying event and complete the necessary paperwork. Unfortunately, COBRA coverage can be expensive. Information Provided by: Budget Life Navigate:   Home Categories Divorce and Insurance COBRA Insurance and Divorce Related Article Archives Child Support Insurance & Divorce Spousal Support     All Article Archives Related Categories Collect & Paying Child Support     All Categories Related Forums Child Support Spousal Support     All Forums Resources & Tools Start Your Divorce Several Options to Get Started Today. Online Divorce Tools Keeping it Simple to Get the Job Done. Download Center Instantly Download Books, Guides & Forms. Discount Books Over 100 of the Best Divorce & Custody Books. Negotiate Online Settle your Divorce and Save. Custody Scheduling Make Sure You Document Everything. ACCRUED VALUE -- Many life insurance policies may have accrued cash values that must be accounted for in the division of assets.

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