COBRA

COBRA

The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives employees, their spouses and dependents the right to a temporary extension of group health insurance when coverage is lost due to certain "qualifying events." COBRA applies to groups with 20 or more employees. For groups less than 20 employees, North Carolina has passed State Continuation laws that set up guidelines for a similar extension of group health coverage.

What is COBRA?