# COBRA continuation coverage

> COBRA continuation coverage — The federal right of an employee and family who lose group health coverage through a qualifying event to keep it, at up to 102% of its cost, for 18 months (termination or reduced hours) or 36 (most other events). Applies once the employer had 20 or more employees on more than half its business days the year before.

Source: https://lopifi.com/glossary/cobra-continuation-coverage
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is cobra continuation coverage?** In accounting, COBRA continuation coverage means the federal right of an employee and family who lose group health coverage through a qualifying event to keep it, at up to 102% of its cost, for 18 months (termination or reduced hours) or 36 (most other events). Applies once the employer had 20 or more employees on more than half its business days the year before.

## Also known as

- COBRA

## Words this system refuses for it

- severance benefit
- Marketplace coverage

- **Category:** Benefits
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** qualifying-event