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Medicaid Acronym of the Day – COBRA

COBRA (shorthand for the Consolidated Omnibus Budget Reconciliation Act of 1985) is a federal law that requires employers of 20 or more employees who offer health care benefits to offer the option of continuing this coverage to individuals who would otherwise lose their benefits due to termination of employment, reduction in hours or certain other events. Individual states may also have COBRA-like laws that apply.

Further reading

https://www.bizfilings.com/toolkit/research-topics/office-hr/what-is-cobra-what-employers-need-to-know

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