COBRA stands for Consolidated Omnibus Budget Reconciliation Act, which is a federal law that provides individuals with the ability to continue their employer-sponsored health coverage for a limited amount of time after certain qualifying events, such as job loss or reduction in work hours.

Solved

COBRA Stands for

Question 41

Multiple Choice

COBRA stands for

A) Coverage of Benefits Reduction Act.
B) Continuation of Benefits for Retirees Act.
C) Consolidated Omnibus Budget Reconciliation Act.
D) Coverage of Benefits for the Retired Act.
E) Consolidation of Benefit Reapplication Act.

Correct Answer: