COBRA
COBRA (Consolidated Omnibus Budget Reconciliation Act) is a federal law that allows employees and their dependents to continue their employer-sponsored health insurance coverage for a limited time after a qualifying event, such as job loss, reduction in hours, or other life events that cause a loss of health benefits.
Under COBRA, employees can maintain their coverage by paying the full premium plus an administrative fee.
This temporary extension helps individuals and families avoid gaps in health coverage and provides continued access to their healthcare benefits while they transition to new employment or other insurance options.
COBRA coverage typically lasts up to 18 or 36 months, depending on the qualifying event.
Fingercheck and any related entities do not offer tax, accounting, or legal advice. This content is designed for informational purposes only and should not be considered a source of tax, legal, or accounting advice. It is recommended that you consult your tax, legal, and accounting advisors before undertaking any related activities or transactions.
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