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The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss, reduction in the hours worked ...
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Explore COBRA continuation coverage options, eligibility, and benefits for workers, families, and advisers under HIPAA regulations.
You may qualify to keep your health coverage with COBRA. If you’ve lost your job or had your hours reduced, there are options available to workers and their families to maintain health coverage, including the Consolidated Omnibus Budget Reconciliation Act, or COBRA.
COBRA, the Consolidated Omnibus Budget Reconciliation Act, lets qualified workers keep their group health insurance for a limited time after a change in eligibility. How does COBRA insurance work? COBRA applies to most private sector businesses with 20 or more employees.
COBRA coverage when you’re unemployed. When you lose job-based coverage, your former employer may offer you COBRA continuation coverage. This may allow you to temporarily keep health coverage until you get other health coverage, whether through a new job or another source.
7 kwi 2022 · Today, COBRA can provide benefits for those who elect the coverage, including: Staying on your (former) employer’s health plan, so you can keep your doctors. Coverage that lasts for 18 to 36 months, depending on why you lost coverage, giving you time to look for other coverage.
Under COBRA, certain retirees and their family members who receive post-retirement health coverage from employers have special COBRA rights in the event that the employer is involved in bankruptcy proceedings begun on or after July 1, 1986.