If you've lost health insurance coverage as a result of a qualifying life event, you might have opted for COBRA coverage. The Consolidated Omnibus Budget Reconciliation Act lets you keep your group health insurance for a limited time in cases of death, divorce, job loss, changing jobs or a reduction in the number of hours worked. Even if you are able to afford paying the high premiums associated with COBRA, however, you eventually will need new health insurance after COBRA is depleted.
The Consolidated Omnibus Budget Reconciliation Act, or COBRA, was passed by the U.S. government in 1986, and gives people access to health insurance after leaving a job, according to the U.S. Department of Labor. Former employe...
To help unemployed, uninsured Americans at risk for financial ruin in the event of a medical emergency, Congress in 1985 enacted the Consolidated Omnibus Reconciliation Act, also called COBRA. COBRA requires certain employers t...
If you have Medicare and become employed, you may keep your Medicare and accept health insurance coverage through your employer. If you leave your job, you may be eligible to continue to participate in your employer's health ca...
The Consolidated Omnibus Budget Reconciliation Act, COBRA, provides workers and their families the right to continue with employer provided health insurance when they leave their jobs. Job loss can be voluntary or involuntary f...
Qualified beneficiaries include employees, their spouses and children. Qualifying events that make beneficiaries eligible for COBRA health insurance are a voluntary or involuntary termination of the employee's job (except for g...
While COBRA allows employees and their families to keep insurance coverage, it does have disadvantages.
This law amended the Employee Retirement Income Security Act, Internal Revenue Code and the Public Health Service Act so that health insurance provided to an employee and his beneficiaries could be extended after a "qualifying ...
This changed when the federal Consolidated Omnibus Budget Reconciliation Act (COBRA) passed. COBRA gives an employee the option to get continuation coverage even after he is no longer eligible for health insurance benefits prov...
The Consolidated Omnibus Budget Reconciliation Act, or COBRA, isn't a particular kind of insurance. Rather, it's an extension of the insurance that you may have had through your employer that allows you to maintain health insur...
