COBRA (Consolidated Omnibus Budget Reconciliation Act)

Federal legislation that guarantees all persons covered by medical insurance, the right, for a monthly fee,to continue coverage even if employment or marital status changes.COBRA covers ex-spouses even after one party remarries, for a fixed time period. For instance, if you become ineligible by virtue of your spouses’ remarriage, you may continue on his policy for approximately 18 months. It can be expensive, sometimes up to $600 per month. Make sure all health insurance matters are covered in your separation agreement, including current and future medical insurance and uninsured medical expenses.