Today, we’re going to talk about COBRA. First, a little history. COBRA is an acronym for the federal Consolidated Omnibus Budget Reconciliation Act of 1985…this law gives certain employees and their family members the right to continue group health benefits provided by an employer when the employee's job loss, death, or other specified events would cause coverage to end.
COBRA sets rules for how and when continuation coverage must be offered, how employees and their families may elect COBRA, and what circumstances justify terminating coverage. It also requires employers to provide specific notices in connection with administering COBRA.