The Consolidate Omnibus Budget Reconciliation Act of 1986 (COBRA), an amendment to ERISA, was passed to protect employees who lost or changed employers so they could keep their health insurance if they paid 102% of the full premium.

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COBRA allows individuals who lose their job or experience a reduction in work hours to continue their employer-sponsored health insurance for a limited period under certain conditions, by paying up to 102% of the premium.

The Consolidate Omnibus Budget Reconciliation Act of 1986 (COBRA), an Amendment