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The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment.
Following implementation of the Affordable Care Act, HRAs must be integrated with a qualified employer-sponsored group health insurance plan to avoid excise tax penalties. [4] Using a Health Reimbursement Arrangement yields "tax advantages to offset health care costs" for both employees and employers. [1]
If COBRA payments are too high, you can go to the Affordable Care Act’s health insurance marketplace to buy a more affordable plan on your own. There are several benefits to buying insurance ...
The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by President Barack Obama on March 23, 2010.
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act and became law in 1986.It is also known as continuation coverage. COBRA can help a person keep the health insurance that they ...
COBRA insurance coverage is a common phrase, but most people aren't fully aware of what COBRA is, what it costs, and whether or not it's really beneficial to an unemployed worker. Lucky for you ...