Consolidated Omnibus Budget Reconciliation Act (redirected from Consolidated Omnibus Budget Reconciliation Act of 1985)

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.

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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.

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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).