COBRA, which is known by most as continuation of benefits, stands for the Consolidated Ominbus Reconciliation Act. Under this 1985 law, covered employees and their dependents who lose health insurance because of one of a series of qualifying events* are entitled to purchase continuation of that coverage. COBRA however, is typically very expensive. Now that the Affordable Care Act (ACA) is here, many people who qualify for COBRA can find
What is the Future of COBRA?
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act of 1985, which is the federal law that allows many workers to be able to continue their group health insurance coverage, at least temporarily, through a continuation of coverage program. Although COBRA does not apply to all employers, there are other state and federal laws which make it possible for most employees who lose their employment due to a qualified event
