COBRA

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Definition:

COBRA stands for Consolidated Omnibus Budget Reconciliation Act. 1985; which is a Federal Law that requires employers to offer a health insurance for employees after leaving employment. This cover could involve others based on the following reasons such as divorce, separation, dependent status and death. 

Use in a sentence:
Most workers have the option of choosing COBRA, which stands for Consolidated Ominbus Budget Reconciliation Act 1985.
Example For Phrase:
The Consolidated Ominbus Budget Reconciliation Act 1985, is a federal law.
COBRA