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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Consolidated Omnibus Budget Reconciliation Act - COBRA  

Definition 1.

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.
 
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