Understanding COBRA: Your Bridge to Continued Health Insurance
What COBRA Actually Means: COBRA stands for the Consolidated Omnibus Budget Reconciliation Act , a federal law passed in 1985. This law gives workers and their families the right to keep their group health insurance coverage for a limited time after certain life events. These events include losing your job, reducing your work hours, transitioning between jobs, divorce, or other major changes. Without COBRA, you might face a gap in health coverage during times when you need it most.