Federal law requiring that employers with 20 or more employees allow individuals and their dependents, whose coverage would ordinarily end under their group plan, to continue coverage under the plan for certain qualifying events
Consolidated Omnibus Budget Reconciliation Act Federal Legislation passed in the early 80’s This ruling provided extension of company coverage to employees who left their employment The premiums for coverage can not be any higher than 2% of what the employer paid on employee’s health insurance The employees have the opportunity to pay for their own group coverage for 18 months Administration and notification are responsibilities of the employer
Consolidated Omnibus Budget Reconciliation Act of 1985 Entitles ex-employees of companies with 20 or more workers to continued coverage under the group plan for 18 months after leaving
Legislation that requires employers to offer continued healthcare coverage to employees and their dependents who lose benefits coverage under certain defined conditions such as voluntary termination, divorce, becoming an overage dependent, or retirement
Consolidated Omnibus Budget Reconciliation Act (federal legislation), which allows an employee and/or family member to continue their group health plan enrollment when coverage is mandatorily lost Examples of mandatory loss of coverage include separation from employment, marriage of a dependent, a dependent attaining age 23, divorce or legal separation Coverage can continue at a cost of 102 percent of the premium for a period of 18 months for an employee and a period of 36 months for a dependent
(Consolidated Omnibus Budget Reconciliation Act of 1985) A federal law that allows individuals leaving a company to continue the health insurance policy they had when employed COBRA applies when individuals lose or leave a job The individual is allowed to pay group rates plus a set administrative fee, usually for up to 18 months
Consolidated Omnibus Budget Reconciliation Act of 1985; a federal law that significantly affects health plans by mandating the offer of the continuation of coverage for an employee or dependents subject to certain requirements
Allows you to continue health coverage for up to 18 months after your coverage as an insured employee ends for a cost of 102% of the full cost premium If your continuation coverage is extended to 29 months due to disability, your premium is 150% of the applicable premium for the additional 11 months of coverage You will be billed directly by the Group Insurance Commission Apply in writing to the GIC using the COBRA form
The federal law that requires employers with more than 20 employees to extend group health insurance coverage for up to 36 months after a qualifying event (e g termination of employment, reduction in hours, divorce) The right to continue such coverage ends when a qualified beneficiary becomes covered under any other group health plan that does not contain any pre-existing condition or other limitations
The acronym COBRA stands for Consolidated Omnibus Budget Reconciliation Act COBRA provides for an extension of group coverage for employees and their covered family members after a qualifying event, such as termination of employment, divorce, or death Not all employers are subject to COBRA, but generally those with 50 or more employees are
- Consolidated Omnibus Budget Reconciliation Act of 1985 Law that requires employers to offer continued health insurance coverage to terminated employees and their eligible dependents
The "Consolidated Omnibus Budget Reconciliation Act" is a federal law that applies to employers that have a health plan and have 20 or more employees COBRA requires employers to permit persons who lose their eligibility for the plan to stay covered under the plan at their own expense for a temporary period (typically up to 18 months)
The Consolidated Omnibus Budget Reconciliation Act of 1985, commonly known as COBRA, requires group health plans with 20 or more employees to offer continued health coverage for you and your dependents for 18 months after you leave your job Longer durations of continuance are available under certain circumstances If you opt to continue coverage, you must pay the entire premium, plus a two percent administration charge
Legislation enacted in 1986 requiring employers with more than 20 employees to offer continuation of health care coverage in the event that an employee is terminated or experiences a qualifying life event The employer taking tax deduction benefits for sponsoring employee benefits is the employer to look to for COBRA obligations, as legislation is part of the ERISA tax law
a federal law under which group health plans sponsored by employers with 20 or more employees must offer continuation of coverage to employees who leave their jobs, voluntarily or otherwise, and their dependents; gives individuals and their dependent family members the right to continue their health care coverage for as long as 18 months
A cobra is a kind of poisonous snake that can make the skin on the back of its neck into a hood. a poisonous African or Asian snake that can spread the skin of its neck to make itself look bigger (cobra (de capello) , from colubra ). Expressionist group of painters formed in Paris in 1948. The name derives from the first letters of the capitals of their native countries: Copenhagen, Brussels, and Amsterdam. The group, which disbanded in 1951, included Karel Appel, Pierre Alechinsky (b. 1927), Jean-Michel Atlan (1913-60), Guillaume Corneille (b. 1922), and Asger Jorn (1914-73). Their work, influenced by poetry, film, folk art, and "primitive" art, featured brilliant colour and spontaneous brushwork akin to action painting; the human figure was a frequent motif. Any of several highly venomous elapid snakes that expand their neck ribs to form a hood. They are found in warm regions of Africa, Australia, and Asia. Cobra bites are fatal in about 10% of human cases. Cobras feed primarily on small vertebrates. The Indian cobra (Naja naja) kills several thousand people annually, mostly because it enters houses to catch rats. The king cobra (Ophiophagus hannah) is the world's largest venomous snake, often more than 12 ft (3.5 m) long. Some African cobras can spit their venom more than 6 ft (1.8 m). Cobras are favourites of snake charmers, who, by their movements rather than their music, tease the deaf snakes into assuming the upreared defense posture
(Consolidated Omnibus Budget Reconciliation Act ) Legislation relative to mandated benefits for all types of employee benefit plans The most significant aspects are the requirements for continued coverage for employees and/or their dependents under the plan that would otherwise lose coverage
The Consolidated Omnibus Budget Reconciliation Act of 1985 provides people the right to buy continuing health insurance through their former employers for a minimum of 18 months COBRA offers up to 36 months of continuing coverage for those people insured through a spouse's work plan who lose that coverage due to divorce, separation or death of the spouse BACK TO TOP
Hospital, medical, and miscellaneous health care expenses incurred by the insured that entitle him/her to a payment of benefits under a health insurance policy Found most often in connection with major medical plans, the term defines, by either description, reasonableness, or necessity to specify the type and amount of expense which will be considered in the calculation of benefits The length of COBRA is typically 18 months, but may be continued for 36 months in some case
Consolidated Omnibus Budget Reconciliation Act, a federal law in effect since 1986 COBRA permits you and your dependents to continue in your employer's group health plan after your job ends If your employer has 20 or more employees, you may be eligible for COBRA continuation coverage when you retire, quit, are fired, or work reduced hours Continuation coverage also extends to surviving, divorced or separated spouses; dependent children; and children who lose their dependent status under their parent's plan rules You may choose to continue in the group health plan for a limited time and pay the full premium (including the share your employer used to pay on your behalf) plus a 2% administrative fee COBRA continuation coverage generally lasts 18 months, or 36 months for dependents in certain circumstances See also State Continuation Coverage
Federal legislation that allows for continuation of insurance on a self-pay basis when no longer eligible for group coverage under certain qualifying events Among the provisions of this legislation that deal with health care coverage are the following: (1) Employer-provided medical plans can no longer require Medicare to be primary payer for participants age 70 and over (2) Medicare coverage is extended to state and local government employees (3) Almost every group health plan must provide each participant and qualified beneficiary under the plan the option to pay for continued coverage under the plan in the event coverage would otherwise have ceased as a result of a number of "qualifying events "
The abbreviation and common term for the "Consolidated Omnibus Budget Reconciliation Act", a 1986 federal law COBRA allows continuation of employer group health plan coverage under certain situations after it otherwise would cease If you are eligible for COBRA continuation coverage, you may continue coverage in the group health plan for 18 or 36 months, depending on your circumstances, by paying the full premium (including the share the employer used to pay) plus a 2% administrative fee For example, if your employer has 20 or more employees, you may be eligible for COBRA continuation coverage when you retire, quit, are fired, or work reduced hours If you are a surviving, divorced or separated spouse or a dependent child of a previously covered employee, you also may be eligible
Consolidated Omnibus Budget Reconciliation Act of 1985, which among other things established the health care continuation requirements that are found in ERISA, the Code and the PHSA COBRA requires that if an employee or other "qualified beneficiary" loses employer-provided health coverage due to termination of employment or another specified triggering event, the group health plan must offer continued health care coverage to the qualified beneficiary The qualified beneficiary may be required to pay the full cost for the coverage This 'COBRA Coverage" has limited duration In most cases, the maximum COBRA period is 18 or 36 months from the date of the qualifying event