Question

Forced to lay off a number of its employees, including larry kurzyniec. larry, who had been logging for over eighteen years, suffers from heart disease, high blood pressure, and diabetes. his wife is worried that the family’s health insurance coverage, which is through superior logging, will be cancelled. larry learns that he has a right to extend his insurance benefits, however, if he pays the premiums under
a. hipaa.
b. futa.
c. fica.
d. cobra.

Answer 1

COBRA- Consolidated Omnibus Budget Reconciliation Act, is the name of the federal law that guarantees employees who have lost their jobs continuing access to health insurance.

What is Federal COBRA?

When your employment terminates or your hours are reduced, federal COBRA is a law that enables you to preserve your group health coverage. All insured employees, their spouses, ex-spouses, and dependent children must be provided with continuous coverage under federal COBRA. Employers and group health plans with 20 or more members are subject to the federal COBRA.

How does COBRA work?

Under certain conditions, including voluntary or involuntary job loss, a reduction in hours worked, a change in employment, death, divorce, and other life events, the COBRA allows employees and their families who lose their health benefits to choose to continue receiving group health benefits from their group health plan for a finite amount of time. The full price for coverage up to 102% of the plan's cost may be demanded of qualified persons.

To know more about Federal laws visit:                                                          brainly.com/question/29439408

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