Consolidated Omnibus Budget Recon-ciliation Act (COBRA) Finance Definition
Federal legis-
lation that allows an employee to continue group health insurance coverage after leaving his or her job or after losing coverage because of divorce or legal separation. The coverage of dependents can be continued until they marry or reach the age of 23. However, anyone obtaining COBRA coverage has to pay the entire cost. The coverage expires after a certain period of time.
lation that allows an employee to continue group health insurance coverage after leaving his or her job or after losing coverage because of divorce or legal separation. The coverage of dependents can be continued until they marry or reach the age of 23. However, anyone obtaining COBRA coverage has to pay the entire cost. The coverage expires after a certain period of time.
Browse dictionary entries near Consolidated Omnibus Budget Recon-ciliation Act
- ‹ Consolidated Omnibus Budget Rec-onciliation Act of 1985
- ‹ consolidated financial statements
- ‹ consolidated appeal
- ‹ consolidate
- ‹ console table
- ‹ Console Exploits
- ‹ console
- ‹ consolatory
- ‹ consolation prize
- ‹ consolation
- consolidated school ›
- consolidation ›
- consolidator ›
- consols ›
- consommé ›
- consonance ›
- consonancy ›
- consonant ›
- consonant shift ›
- consonantal ›
Print this Page
Suggestion Box
Send to Friend
