COBRA

The federal Consolidated Omnibus Budget Reconciliation Act (COBRA) gives employees and their qualified beneficiaries the opportunity to continue health insurance coverage under Lawrence Tech's health plan when a "qualifying event" would normally result in the loss of eligibility. Some common qualifying events are resignation, termination of employment, or death of an employee; a reduction in an employee's hours or a leave of absence; an employee's divorce or legal separation; and a dependent child no longer meeting eligibility requirements.

Lawrence Tech provides each eligible employee and their qualified beneficiaries with a written notice describing your rights to continue your health care coverage under Lawrence Tech's group health insurance plans.

American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of 2009 (ARRA) approved by Congress on February 13, 2009, provides a federal government subsidy to help people pay for a portion of their COBRA premiums for up to 9 months. The subsidy is intended for certain COBRA-eligible individuals who lost group health coverage because of a covered employee's involuntary termination of employment. For more information, link to COBRA Premium Subsidy under the American Recovery and Reinvestment Act of 2009.