The Consolidated Omnibus Budget Reconciliation Act (COBRA) is a federal law that allows employees and their families to continue health insurance coverage after a qualifying event, such as job loss or a reduction in hours. The COBRA stimulus plan is a provision of the American Rescue Plan Act of 2021 that provides financial assistance to help people pay for COBRA premiums.
The COBRA stimulus plan is important because it can help people keep their health insurance coverage during a difficult time. Health insurance can be expensive, and losing coverage can have a significant impact on a person’s health and financial well-being. The COBRA stimulus plan can help people avoid this by providing financial assistance to help them pay for their COBRA premiums.
