Consolidated Omnibus Budget Reconciliation Act (COBRA)

A federal law that provides employees with the right to pay premiums to continue coverage in a group health plan that they otherwise would have lost after reducing their work hours, quitting their jobs, losing their jobs, or experiencing a qualifying life event. Most people can keep this insurance up to 18 months. COBRA applies to employers with 20 or more employees, including self-insured employers.

 

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