Question

steve has a small company with 12 employees. one of his employees, larry, has been laid off because his work has been outsourced. larry had health coverage through steve's company and wants to continue that coverage. according to the consolidated omnibus budget reconciliation act, how long can larry continue his coverage through steve's company after being laid off?

Answer 1

Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), Larry can continue his health coverage through Steve's company for a limited period of time.

Step-by-step explanation:

Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), Larry can continue his health coverage through Steve's company after being laid off. COBRA allows employees to maintain their group health coverage for a limited period of time.

Typically, coverage can be extended for up to 18 months. However, in certain circumstances, coverage may be extended to 29 months if the employee is disabled or has a second qualifying event such as divorce or death of the employee.

During the continuation of coverage under COBRA, the former employee is usually responsible for paying the full premium, including both the employer and employee contributions.

The subject of this question is the Consolidated Omnibus Budget Reconciliation Act (COBRA), which allows employees who have been laid off to continue their healthcare coverage. According to COBRA, Larry can typically continue his coverage for up to 18 months after being laid off, provided he pays the full premium, which includes both the employee and employer contributions plus a possible administrative fee.