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What is COBRA (Consolidated Omnibus Budget Reconciliation Act)?

Written by: PeopleKeep Team
February 2, 2010 at 10:00 PM

COBRA provides certain employees, retirees, spouses, former spouses, and dependent children the right to temporarily continue their employer sponsored health benefits (including HRA benefits).

Companies, with more than 20 employees, are required to offer COBRA to participants that meet certain qualifying events.

In order to participate in COBRA, an employee must pay the full cost of the premium or benefit. COBRA participants are generally eligible for coverage for a maximum of 18 months. 

For most individuals, COBRA is more expensive than individual insurance

Topics: Health Benefits, Health Insurance

Additional Resources

Trying to decide which HRA is best for you? Take our quiz to find out.
Get our guide on how to offer health benefits with a small budget.

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