The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health insurance due to certain life events, such as job loss, the right to continue their health insurance coverage, under certain conditions, for a limited period of time.
COBRA is a federal law that applies to group health plans with 20 or more employees. If you are eligible for COBRA, you have the right to elect to continue your health coverage, by paying the full premium, for up to 18 months after your coverage would otherwise end.