What is COBRA?
The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families the right to stay on their group health plan for a limited time under certain circumstances. Examples include:
- Voluntary or involuntary job loss
- Reduced work hours
- Transitioning between jobs
- Death of the insured
- Divorce from the insured
Qualified individuals may be required to pay the entire premium for coverage up to 102% of the cost to the plan.
Learn more about COBRA from the U.S. Department of Labor.