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The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment.
While striking employees will lose District-paid insurance as of December 1st, they will have 45 days to apply for COBRA from OEBB, which offers retroactive coverage beginning December 1st.
[67] [68] State mandates generally do not apply to the health plans offered by large employers, because of the preemption clause of the Employee Retirement Income Security Act. As of 2018, there were 953 health insurance companies in the United States, [69] although the top 10 account for about 53% of revenue and the top 100 account for 95% of ...
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act and became law in 1986.It is also known as continuation coverage. COBRA can help a person keep the health insurance that they ...
Congress passed EMTALA to eliminate the practice of "patient dumping"—that is, refusal to treat people because of inability to pay or insufficient insurance or transferring or discharging emergency patients on the basis of high anticipated diagnosis and treatment costs. The law applies when an individual seeks treatment for a medical ...
COBRA insurance coverage is a common phrase, but most people aren't fully aware of what COBRA is, what it costs, and whether or not it's really beneficial to an unemployed worker. Lucky for you ...
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