What is the Consolidated Omnibus Budget Reconciliation Act (COBRA)?
It’s a federal law that requires employers with 20+ employees to offer continuing health benefit coverage to employees and their dependents (at their own expense) who would otherwise lose benefits due to employment termination, reduction in hours or other certain events.
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Complementary solutions
Health Savings Accounts (HSAs)
Accelerate progress toward a healthier future with an HSA that helps employees take control of their care, payments and overall health.
Flexible Spending Accounts (FSAs)
Help your employees budget and save for qualified expenses during the benefit plan year through pre-tax contributions.
Health Reimbursement Arrangements (HRAs)
Use this custom-designed, employer-funded plan to help offset employees’ health care costs, while providing tax savings to the organization.
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