Health Care Happenings

It’s that time of year – College Graduation!   While we celebrate the completion of four or more years and the impending independence of our offspring, they may not yet have landed that job with benefits. So what are their options for health care coverage?

First, you can continue their TRICARE benefits under the Continued Health Care Benefit Program (CHCBP), a COBRA like benefit that mirrors TRICARE Standard to provide interim coverage for up to 36 months. This currently runs at a cost of $933/quarter for single coverage. Next, you may want to pick up a Short Term Medical Plan (STM) primarily used for catastrophic coverage but it also can provide comprehensive temporary medical coverage. The above STM links to the MOAA’s endorsed plan. And finally, you can purchase a health plan in their state of residence. For these you’ll want to do your own comparison search of policies and benefits. Good Luck!