Question

Regarding continuation of Health Insurance after termination of employment at a company with more than 20 employees,

1. True
2. False

Answer 1

The statement is true. Under COBRA, terminated employees from a company with more than 20 employees can continue their health insurance coverage for a certain period of time.

Step-by-step explanation:

The statement is true. In the United States, under the Consolidated Omnibus Budget Reconciliation Act (COBRA), employees who are terminated from a company with more than 20 employees may be eligible to continue their health insurance coverage for a certain period of time. COBRA allows employees and their dependents to maintain their group health insurance coverage for up to 18 months after the termination of employment, although the former employees are responsible for paying the full cost of the premiums.