Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.1<br />
Health Insurance <strong>and</strong> Financial Planning<br />
COBRA<br />
The Consolidated Omnibus Budget<br />
Reconciliation Act of 1986, known as COBRA,<br />
allows an employee who loses his or her job to<br />
keep the former employer’s group coverage for<br />
a set period of time.<br />
Not everyone qualifies for COBRA. In order to<br />
be eligible for the benefits, you have to work for:<br />
• A private company<br />
• A state or local government<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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