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Consolidated Omnibus Budget Reconciliation Act

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Consolidated Omnibus Budget Reconciliation Act (COBRA),
legislation that provides for limited continuation of health coverage for individuals and families at the individual's own expense when the individual terminates employment from an organization that provides health insurance. The law applies only to organizations with a specified minimum number of employees.
Consolidated Omnibus Budget Reconciliation Act,
n.pr law that allows individuals to carry over health coverage from a previous job for a limited time at their own expense.
Consolidated Omnibus Budget Reconciliation Act (COBRA),
n.pr legislation relative to mandated benefits for all types of employee benefits plans. The most significant aspects within this context are the requirements for continued coverage for employees and their dependents for 18 months who would otherwise lose coverage (30 months for dependents in the event of an employee's death).


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Description of Consolidated Omnibus Budget Reconciliation Act (COBRA) provisions.
Employee manual checklist by Journal of Accountancy
On terminating his employment with NDC, Hersh informed his manager of his desire to continue medical coverage under the Plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA).
Court holds employer liable for COBRA coverage even though employee ... by Yurkovic, Denis L. / The Tax Adviser
The Consolidated Omnibus Budget Reconciliation Act (COBRA) applies to employers with 20 or more employees and stipulates that most group health plan sponsors must give employees and their beneficiaries the chance to keep their health coverage, which they would otherwise lose for reasons including termination of employment, divorce, or death.
Paychex Announces New COBRA Administration Services; Paychex Services ... by Business Wire
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