Consolidated Omnibus Reconciliation Act


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Consolidated Omnibus Reconciliation Act

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COBRA

Federal legislation that requires employers with 20 or more employees to offer health insurance coverage to their employees for as long as 18 months after employment ends.
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If a buyer purchases a company and retains most of the existing employees, the buyer has to extend Consolidated Omnibus Reconciliation Act of 1985 (COBRA) rights to the employees who lose their old coverage.
Employee benefits and business combinations
Unless a spouse can provide coverage through her employment, the individual should continue his existing coverage under his former employer's group plan by making a Consolidated Omnibus Reconciliation Act of 1985 (COBRA) election within 60 days of the date his group coverage ceases.
Nontax considerations for a client planning to become self-employed

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