What Does COBRA Stand For?
COBRA stands for Consolidated Omnibus Budget Reconciliation Act
COBRA, or the Consolidated Omnibus Budget Reconciliation Act, is a federal law that provides eligible employees and their families the option to continue health insurance coverage for a limited time after experiencing a qualifying event, such as job loss, reduction in work hours, or other life changes. Enacted in 1985, COBRA aims to help individuals maintain access to health care coverage while transitioning to new employment or other health insurance options.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym