COBRA is an acronym for Consolidated Omnibus Budget Reconciliation Act, a 1986 law passed by Congress to provide continued health insurance coverage for people who find themselves without coverage through their workplace. Anyone who takes the DMN buyout without having another job to go to immediately qualifies for COBRA. The company is going to compensate each buyout-taker for up to six months of COBRA as part of your package (less taxes).
Here is a link to the U.S. Department of Labor that will describe COBRA more in depth:
www.dol.gov/ebsa/faqs/faq_consumer_cobra.HTMl
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment