CHANGESTO NEW YORK INSURANCE LAW AFFECT DIVORCING COUPLES
Two recent changes to New York state insurance law will have a substantial impact on couples divorcing and separating. Those changes, signed into law on July 29, 2009, are:
1. COBRA coverage will now be available in New York for 36 months.
2. Families can now keep dependents on their insurance policies until age 29.
Of course, neither of these new laws apply to self-insured companies.
The practical effect of these extensions of insurance coverage will be to increase the value (or cost) of insurance coverage for divorcing couples, and therefore the impact and importance of insurance coverage as a issue to be considered and resolved in any divorce action.
For more information on New York state divorce law, please visit my website at www.GabayLawFirm.com
