COBRA (Consolidated Omnibus Budget Reconciliation Act)

COBRA, the Consolidated Omnibus Budget Reconciliation Act, is a federal law that provides workers and their families the right to continue their employer-sponsored health insurance coverage for a limited time after experiencing certain qualifying events, such as job loss, reduction in work hours, or other life events that result in loss of coverage. COBRA allows individuals to maintain their health insurance, albeit at their own expense, ensuring continuity of coverage during periods of transition or uncertainty.