COBRA is a federal law stating that employees who quit or are laid off from their employment can have health insurance coverage for 18 months after job severance by paying the premiums.

Question

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COBRA, the Consolidated Omnibus Budget Reconciliation Act, allows employees and their families who lose their health benefits due to voluntary or involuntary job loss, reduction in the hours worked, transition between jobs, death, divorce, and other life events, to continue their group health benefits provided by their group health plan for limited periods of time under certain circumstances. Individuals may be required to pay the entire premium for coverage up to 102% of the cost to the plan.

COBRA Is a Federal Law Stating That Employees Who Quit