COBRA

    COBRA, or the Consolidated Omnibus Budget Reconciliation Act of 1985, mandates group health plans with 20 or more employees to continue providing health care to employees and their dependents for 18 months after the employee leaves resigns. 

    The COBRA Act of 1985 is a law passed by the United States Congress on a reconciliation basis President Ronald Reagan signed it in 1985 that mandates, among other things, an insurance program that allows some employees to keep their health insurance coverage after they leave their jobs. 

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