COBRA

The Consolidated Omnibus Budget Reconciliation Act – 1986 gives workers and their dependents. Who lose their health benefits they have to right to choose to continue group health benefits provided by their group health plan for limited period under specified circumstances. Such as voluntary or involuntary, job loss, modulation between jobs, deceased, divorce, and other life events. Eligible individuals required to pay the total premiums for coverage the cost to the plan.
Even though the COBRA subsidy makes low expensive alternative for some employees, others may be better served by commercial insurances.
COBRA outlines explain how employees and dependents elect continuation coverage, also required employers and plans to provide notice.