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Employee Benefits > COBRA (Consolidated Omnibus Budget Reconciliation Act Of 1985)
The following information is about COBRA (Consolidated Omnibus Budget Reconciliation Act Of 1985).
COBRA (Consolidated Omnibus Budget Reconciliation Act Of 1985) Defined
Federal legislation that allows for continuation of insurance on a self-pay basis when no longer eligible for group coverage under certain qualifying events. Among the provisions of this legislation that deal with health care coverage are the following: (1). Employer-provided medical plans can no longer require Medicare to be primary payer for participants age 70 and over. (2) Medicare coverage is extended to state and local government employees. (3) Almost every group health plan must provide each participant and qualified beneficiary under the plan the option to pay for continued coverage under the plan in the event coverage would otherwise have ceased as a result of a number of “qualifying events.”
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