The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that allows certain individuals to continue their health insurance coverage after they have lost their job or experienced a reduction in their work hours. COBRA coverage is typically more expensive than employer-sponsored health insurance, but it can provide peace of mind during a time of transition.
The federal government provides a subsidy to help low-income individuals and families pay for COBRA coverage. The subsidy is available to individuals who have lost their job or experienced a reduction in their work hours, and who meet certain income requirements. The subsidy can cover up to 100% of the cost of COBRA coverage.