COBRA (Consolidated Omnibus Budget Reconciliation Act)
In PeopleSoft Workforce Analytics, this refers to legislation that requires employers to offer
continued health care coverage to employees, and their dependents, who lose benefits
coverage under certain defined conditions such as voluntary termination, divorce, becoming
an overage dependent, or retirement. Any individual, whether employee or dependent, that is
covered under a health plan at the time of a qualifying event, has the option to elect COBRA
coverage.
