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7 Definitions

COBRA

For COBRA we have terms and definitions in 7 topics. The topics are Contracting, Divorce, Employee Benefits, Health Insurance, Homeowners Insurance, Insurance and Vietnam War.



COBRA (Contracting)

Legislation enacted in 1986 requiring employers with more than 20 employees to offer continuation of health care coverage in the event that an employee is terminated or experiences a qualifying life event. The employer taking tax deduction benefits for sponsoring employee benefits is the employer to look to for COBRA obligations, as legislation is part of the ERISA tax law.


COBRA (Divorce)

Federal Legislation which guarantees that all individuals who are covered by medical insurance have the right to continue coverage for a monthly fee if employment changes or marital status changes.


See more Divorce Terms ...

COBRA (Employee Benefits)

Employees may continue medical, dental or vision coverage due to termination of employment, or movement to a benefits ineligible position. Dependents may continue medical, dental or vision coverage due to death of the employee, divorce from a spouse employed by UT, or a dependent child turning age 25. There is a 60-day enrollment period, beginning after insurance benefits terminate.


COBRA (Health Insurance)

Federal legislation that lets you, if you work for an insured employer group of 20 or more employees, continue to purchase health insurance for up to 18 months if you lose your job or your coverage is otherwise terminated. For more information, visit the Department of Labor.


COBRA (Homeowners Insurance)

The Consolidated Omnibus Budget Reconciliation Act of 1985 gives employees, who have quit or been laid off, the right to buy continuing health insurance through their former employers for a minimum of 18 months. People who lose coverage due to divorce, separation, or death of a spouse can continue coverage up to 36 months.


COBRA (Insurance)

Short for Consolidated Omnibus Budget Reconciliation Act. A federal law under which group health plans sponsored by employers with 20 or more employees must offer continuation of coverage to employees who leave their jobs and their dependents. The employee must pay the entire premium. Coverage can be extended up to 18 months. Surviving dependents can receive longer coverage.


COBRA (Vietnam War)

An AH-1G attack helicopter. Also known as a gunship, armed with rockets and machine guns.




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