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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.
Under COBRA, the continuation coverage must be offered to covered employees, former employees, spouses, former spouses, and dependent children. If you elect continuation coverage, employers may require you to pay the full cost of the coverage, plus a 2 percent administration charge.
COBRA continuation coverage will ensure you have health coverage until the coverage through your Marketplace plan begins. Through the Marketplace you can also learn if you qualify for free or low-cost coverage from Medicaid or the Children's Health Insurance Program (CHIP).
The continuation coverage provisions of COBRA — the Consolidated Omnibus Budget Reconciliation Act – help workers and their families keep their group health coverage during times of voluntary or involuntary job loss, reduction in the hours worked, transition between jobs and in certain other cases.
Under COBRA, a group health plan is any arrangement that an employer establishes or maintains to provide employees or their families with medical care, whether it is provided through insurance, by a health maintenance organization, out of the employer’s assets on a pay-as-you-go basis, or otherwise.