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COBRA (Consolidated Omnibus Budget Reconciliation Act)

COBRA (Consolidated Omnibus Budget Reconciliation Act) definition - business

COBRA (Consolidated Omnibus Budget Reconciliation Act)

A U.S. government act that requires employers to offer continuing group health coverage for covered persons who lose health or dental coverage due to specified reasons, including job termination, marriage, divorce, death of a covered spouse, and birth.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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