COBRA

Q: COBRA

Consolidated Omnibus Budget Reconciliation Act . Federal Legislation passed in the early 80’s. This ruling provided extension of company coverage to employees who left their employment. The premiums for coverage can not be any higher than 2% of what the employer paid on employee’s health insurance. The employees have the opportunity to pay for their own group coverage for 18 months. Administration and notification are responsibilities of the employer.

Question

COBRA

RNorton22 · Accepted Answer

Consolidated Omnibus Budget Reconciliation Act. Federal Legislation passed in the early 80’s. This ruling provided extension of company coverage to employees who left their employment. The premiums for coverage can not be any higher than 2% of what the employer paid on employee’s health insurance. The employees have the opportunity to pay for their own group coverage for 18 months. Administration and notification are responsibilities of the employer.