One of the biggest fears any of us have about losing a job is the loss of health insurance.
COBRA continuation health insurance was designed to eliminate that fear, but the reality is that relatively few people ever take it.
Why is that?
COBRA seems simple, and on the surface it is. Details of the provision on the other hand, are anything but.
What is COBRA Continuation Health Insurance Coverage?
COBRA is the abbreviation for the Consolidated Omnibus Reconciliation Act of 1985. It was enacted by the U.S. government that mandates providing employees with continuing health insurance coverage after separation from their employers. The Act has been in existence since April, 1986, and covers most employees.