Final answer:
The federal act that allows an employee to continue company health care benefits when leaving a job is called the Consolidated Omnibus Budget Reconciliation Act (COBRA).
Step-by-step explanation:
The federal act described in the question is called the Consolidated Omnibus Budget Reconciliation Act (COBRA). This act allows employees, who leave a job voluntarily or involuntarily, to continue receiving their company health care benefits for up to eighteen months or more, at their own expense.