COBRA in Medical Billing
COBRA stands for the Consolidated Omnibus Budget Reconciliation Act, a federal law that allows employees to continue their employer-sponsored health insurance coverage after losing their job.
COBRA in Medical Billing Explained
In medical billing, COBRA coverage allows former employees to keep their health insurance benefits for a limited period after leaving a job, often at their own expense. This ensures that individuals maintain coverage while transitioning between jobs or during unemployment, though they must pay the full premium themselves.
For example, an individual who loses their job can continue their health insurance coverage through COBRA by paying the premiums out of pocket.
Discover common acronyms and abbreviations in Medical billing glossary.
-
Years in Business
-
Social Signals
