Consolidated Omnibus Budget Reconciliation Act (COBRA) – Background, Key Provisions for Workers’ Health Benefits and Recent Changes

• Date: December 16, 2010
• Source: Admin

The COBRA or Consolidated Omnibus Budget Reconciliation Act was passed in 1985 by the U.S. Congress. The Act’s most important regulations cover provisions for health benefits to workers and their families who lose their jobs. This part of the Act has gone through several changes in recent years since the recession hit, specifically its provisions for subsidy eligibilities. This article describes the background, key provisions and recent changes to this important Act.