Understanding COBRA and Its Implications

Susan from Comas and Company explains COBRA, the Consolidated Omnibus Budget Reconciliation Act. COBRA allows individuals to extend their health insurance after leaving employment. It also mandates Medicare as primary for those over 70 and extends coverage to state and local government workers. For more information, viewers can contact Comas and Company.

What is the full name of the legislation commonly known as COBRA?

• Consolidated Omnibus Budget Reconciliation Act

• Comprehensive Omnibus Budget Reconciliation Act

• Consolidated Omnibus Benefit Reconciliation Act

• Comprehensive Omnibus Benefit Reconciliation Act

What is one of the requirements of COBRA for participants over the age of 70?

• They are not eligible for COBRA.

• They must pay a higher premium.

• Medicare must pay as primary.

• They must enroll in a private insurance plan.

COBRA extends coverage to which group of workers?

• Private sector workers only

• International workers

• Federal government workers

• State and local government workers

What does COBRA allow you to do if you leave your job?

• Transfer your insurance to a new employer

• Cancel your health insurance immediately

• Receive free health insurance

• Extend your health insurance benefits personally

How can you get more answers to your insurance questions according to the video?

• Call the company's hotline

• Visit the company's website

• Email [e-mail]

• Attend a local seminar

Which of the following is NOT a feature of COBRA?

• Covering state and local government workers

• Providing free health insurance

• Extending health insurance after job loss

• Requiring Medicare as primary for those over 70