Important Fact for Me to Know
Today's New York Times
Under the Consolidated Omnibus Budget Reconciliation Act of 1986, employers with 20 or more employees who offer health care coverage are required to offer departing employees an opportunity to extend their health benefits. This law, known as Cobra, extends an employee's health benefits for up to 18 months beyond the last date of employment. The law says that employees have 30 days after their last day of work to request information about Cobra, and 60 more days after that to enroll. Employees must pay the premiums themselves, and premiums vary, depending on the kind of coverage your employer offers.