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Glossary   >   C   >   "Consolidated Omnibus Budget Reconciliation Act - COBRA" Definition            Consolidated Omnibus Budget Reconciliation Act - COBRA A COBRA health plan states that if you leave your job for any reason and were an active participant in the company"s health plan prior to your departure date, you have the right, if you wish, to continue the health insurance coverage you and your family received, for 18 months. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Consolidated Omnibus Budget Reconciliation Act - COBRA - A COBRA health plan states that if you leave your job for any reason and were an active participant in the company"s health plan prior to your departure date, you have the right, if you wish, to continue the health insurance coverage you and your family received, for 18 months.