COBRA Dental Insurance

COBRA, which is the acronym for the Consolidated Omnibus Budget Reconciliation Act, that began in 1986. This act was actually an amendment to the existing Employee Retirement Security Act. Basically COBRA enables employees who have left their job to continue to receive health insurance coverage for a period of 18 months from their previous employers. Of course, the ex-employee would have to pay the full cost of the coverage but it is a nice option to know that your coverage will continue just because the position at your job has come to an end.

Who is Eligible?
If the employer that you worked for had a minimum of 20 full or part time employees who had at least 6 months with the company and enrolled in the health plan and you left on good terms, meaning you were not terminated for some sort of misconduct, then you are eligible for COBRA. If you should happen to perish, get divorced or have a child who is too old to be claimed as a dependent then your family would be edible for coverage for up to 18 months. However, all other circumstances would actually enable your family to apply for 36 months of coverage.

What about Dental?
If you worked for a company that did provide dental coverage, whether as a package or as an individual elective plan then you are eligible to carry that plan through your COBRA as well. However, if your current plan covered all three dental, health and vision then you will be required to carry all three over to your COBRA. If your job did have three separate companies that they had coverage with, one for dental, one for health and one for vision then you may have to choose which to carry over on your COBRA plan or you may choose to keep them all.

Once Your COBRA Ends
The only way your COBRA coverage can be extended beyond the very last day of eligibility is if your former employer gives permission to do so. Otherwise, coverage will end at midnight of the expiration date. In addition, if you do not keep your premiums up then your COBRA plan can be cancelled at anytime for nonpayment. Your COBRA plan can also be canceled with very little notice to you if the company you had your insurance coverage with initially should happen to go out of business. In addition, if you reach the age at which point you could become eligible for Medicare then you will no longer have access to a COBRA plan either.

COBRA Premiums
COBRA dental coverage is without a doubt expensive. There is no way to sugar coat that end of the process. You may even wind up being required to pay 100% of your premium in addition to a 2% fee for administrative purposes. Usually the very first payment of your initial monthly payment is due at the 45 day mark from the start of coverage. Keep in mind that with COBRA your premiums could also go up at anytime depending on the growth of the company and the amount of employees they have covered under their health care plan.

If you do not wish to continue with your COBRA plan then you will be faced with the challenge of finding dental coverage for you and your family elsewhere. Actually, many dental insurance plans are even much less expensive than COBRA dental coverage so you might want to take the time to check out some plans. Remember that having any lapse in coverage, no matter how small can be detrimental if something is to occur during this lapse. It is always important to be sure your family is covered at all times.

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