What is COBRA?
COBRA stands for Consolidated Omnibus Budget Reconciliation Act. It is a federal law that allows employees to continue their health insurance coverage after leaving their job. This is especially useful for those who were covered under their employer’s group health insurance plan and do not want to lose their coverage.
What Does COBRA Cover?
COBRA provides the same level of coverage as the employer’s group health insurance plan. This includes medical, surgical, and hospital expenses. However, dental coverage is not always included.
Does COBRA Include Dental?
The answer is, it depends. COBRA only includes dental coverage if it was included in the employer’s group health insurance plan. If the plan did not include dental coverage, then COBRA will not include it either.
What if I Need Dental Coverage?
If you need dental coverage, you have a few options. You can purchase a separate dental insurance plan. Another option is to enroll in a discount dental plan. These plans offer discounted rates for dental services and are often more affordable than traditional dental insurance.
How Much Does COBRA Cost?
COBRA can be expensive. You will be responsible for paying the full cost of your health insurance premium, including any employer contributions. On top of that, you may have to pay an additional 2% administrative fee.
How Long Does COBRA Last?
COBRA coverage typically lasts for 18 months. However, in certain circumstances, it can be extended up to 36 months.
What Happens After COBRA Expires?
After your COBRA coverage expires, you will need to find a new health insurance plan. You can enroll in a new plan through the Health Insurance Marketplace or through a private insurance company.
What Should I Do if I Have Questions?
If you have questions about your COBRA coverage, you should contact your former employer or the plan administrator. They can provide you with more information about your specific plan.
Conclusion
COBRA is a valuable option for those who want to continue their health insurance coverage after leaving their job. However, it is important to understand what is and is not covered under your plan. If you need dental coverage, you may need to explore other options.