The COBRA Law
The Consolidated Omnibus Budget Reconciliation Act, or the COBRA Act, was passed by the US government in 1985. The law gave workers and their families the right to continue their health insurance coverage if a qualifying event occurs where they would otherwise lose their health care.
All businesses that have 20 or more full-time workers, must offer continuation of health benefits.
What Is COBRA, Then?
To use and pay for your most recent group health plan is commonly known as COBRA insurance.