TeachMeFinance.com - explain Consolidated Omnibus Budget Reconciliation Act (Cobra)-
Consolidated Omnibus Budget Reconciliation Act (Cobra)- The term 'Consolidated Omnibus Budget Reconciliation Act (Cobra)- ' as it applies to the area of Medicare in the United States can be defined as ' 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'.
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