COBRA allows workers to continue to receive health benefits for a limited time after experiencing a qualifying event at their company, such as voluntary or involuntary job loss, reduction in the hours, job transition, death, divorce and other life events.
Employees must receive a COBRA notice within 14 days after the health insurance carrier is notified of the qualifying event, a compensation and benefits expert previously explained to HR Dive. Employees then have 60 days to opt in or out of continuation coverage.
