Employer based health insurance provides coverage for tens of millions of Americans. Unfortunately, many employees will be without coverage if they lose their job, quit, retire or if their company goes out of business. In most cases, an employee can elect COBRA upon losing employment. The Consolidated Omnibus Budget Reconciliation Act will provide 18 months [...]
Posts Tagged ‘Consolidated Omnibus Budget’
Understanding COBRA Health Insurance
November 3rd, 2009
admin COBRA is the acronym for ‘The Consolidated Omnibus Budget Reconciliation Act’ set up in 1985 and this law states that the health insurance cover of an employee will continue for at least 18 months after termination of employment. There are some cases where the limit extends to as much as 29 to 36 months and [...]
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