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Health Insurance 101: What is COBRA?
Learn how the Consolidated Omnibus Budget Reconciliation Act (COBRA) allows you to keep your health insurance coverage after job loss.
Written by Hilary Weissman | Reviewed by Alexandra Schwarz, MD
Updated on November 29, 2023Being laid off, furloughed, or let go from your job can be hard. This may be even worse if you have health insurance through your job. How can you afford your healthcare needs after losing your job? Luckily, most larger companies are required to offer COBRA health insurance to former employees.
Not sure if you qualify for COBRA coverage? You can call a representative at the Department of Labor, or your hiring liaison, to determine your eligibility for COBRA.
References
U.S. Centers for Medicare & Medicaid Services. (n.d.). COBRA coverage & the marketplace.
U.S. Department of Labor. (n.d.). Continuation of Health Coverage (COBRA).
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U.S. Department of Labor. (n.d.). COBRA continuation coverage.
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