What is COBRA Continuation Health Coverage and What Does it Do?
who would have lost coverage under a group health plan to pay for continued coverage for a period of time. A person who elects COBRA coverage cannot be denied the coverage because of health status, and will pay the favorable group rate that the employer previously paid to cover him. “Qualifying events” that entitle a participant or beneficiary to COBRA coverage include termination of employment, divorce, death of the covered employee and loss of dependent status.
