The COVID-19 pandemic has caused unprecedented strain on families and relationships. While the emotional toll of dissolving a marriage may be top of mind, there are important financial considerations as well. 

Financial Independence Retire Early (FIRE) is a lifestyle movement that inspires people to seek more financial and lifestyle freedom – creating more of what you truly value. No matter where you are on your FIRE journey (skeptical about it, beginner, or retired), learning about the principles of FIRE has something to offer you. 

So many things change during a divorce that it can be difficult to keep track of it all. One important thing you can’t afford to let fall through the cracks is your health insurance coverage. If you are listed as a dependent on your spouse’s policy, then you will lose your coverage when the divorce is finalized.

Don’t let this happen! Without health insurance, you’ll be on the hook for all your medical costs, including your current prescriptions, medical appointments, and any emergencies that arise. Even a minor medical emergency, like a broken arm that requires surgery, will cost an average of $16,000. If you are losing coverage, here’s what you need to know about how to find and get new health insurance coverage.