Continuation Coverage Plan
type: Class
preferred label: COBRA Coverage Policy
subclass of: RClKvZvieudjUMtKTcCsMAn
definition: Continuation coverage plans, such as the Consolidated Omnibus Budget Reconciliation Act (COBRA) in the U.S., allow former employees to continue their employer-sponsored health insurance for a limited period after employment ends. The individual is generally responsible for the full premium cost plus an administrative fee.