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COBRA: If your employer provided you with health coverage, you might be eligible for a government transition program called COBRA. Enacted during the Reagan administration, COBRA allows employees ...
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. COBRA includes ...
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Those of us who have lost a job that included health insurance have had the opportunity to take advantage of the Consolidated Omnibus Budget Reconciliation Act (COBRA), which guarantees the ex ...
COBRA requires that a person and his or her spouse and dependent children be allowed to continue employer-sponsored health coverage after the employee leaves or loses his or her job. However, there is no requirement that benefits be extended to the employee's same-sex partner or spouse. [ 3 ]
Payment for unused accrued PTO vacation time, holiday pay or sick leave unless the employee is picked up by the new buyer wherein all benefits become the responsibility of the new employer. COBRA insurance, or healthcare benefits through a certain period of time. A payment in lieu of a required notice period. Retirement accounts; Stock options
Reduction in hours of employment or job loss. The employee, spouse, and dependent child. 18 months. ... the coverage will end on the first day of Medicare coverage. COBRA usually lasts for 18 ...
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) enables certain individuals with employer-sponsored coverage to extend their coverage if certain "qualifying events" would otherwise cause them to lose it. Employers may require COBRA-qualified individuals to pay the full cost of coverage, and coverage cannot be extended ...