What is CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT (COBRA)*?
CONSOLIDATED OMNIBUS BUDGET RECONCILIATION ACT (COBRA)* meaning A law that lets some people keep their employer group health plan coverage for a period of time after: the death of your spouse, losing your job, having your working hours reduced, leaving your job voluntarily, or getting a divorce. You may have to pay both your share and the employer?s share of the premium. Generally, you also have to pay an administrative fee.
reference: Centers for Medicare & Medicaid Services