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Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA)
COBRA is the federal legislation that allows you – if you work for an insured employer group of 20 or more employees – to continue to purchase health insurance for up to 18 months if you lose your job, or your employer-sponsored coverage is otherwise terminated.
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- Part of Speech: noun
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- Industry/Domain: Insurance
- Category: Health insurance
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