COBRA
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides for continued coverage for a certain period of time at applicable monthly COBRA rates if you, your spouse or domestic partner, or your dependents lose group medical, dental, vision or Health FSA coverage because you:
- Terminate employment (for reasons other than gross misconduct);
- Your work hours are reduced below the eligible status for these benefits;
- You die, divorce, or are legally separated; or
- A child ceases to be an eligible dependent.
Note: The continuation period is calculated from the earliest of these qualifying events.