COBRA Health plan Advice for Individuals and Small Businesses |
We are not COBRA. For specific contract details about your current company policy, contact your health plan administrator.
What is COBRA insurance?
What is COBRA insurance?
COBRA stands for the Federal Consolidated Omnibus Budget Reconciliation Act, an amendment to the Employee Retirement Income Security Act (ERISA). When a qualifying event occurs, the Act requires employers to allow former employees, retirees, spouses, former spouses, and dependent children to continue their current health insurance coverage at group rates. Employers who had 20 or more employees on staff for more than 50 percent of their ordinary business days in the prior year, must comply with COBRA.
Some states have created their own COBRA-like laws that include or expand the provisions in the Federal Act. Other states have simply adopted the Federal Act as is. You are protected by whichever law affords the most protection in your state.
June