What is the purpose of the Consolidated Omnibus Budget Reconciliation Act (COBRA)?

The Consolidated Omnibus Budget Reconciliation Act (COBRA) was enacted to provide individuals and their families with the right to continue their group health insurance coverage for a limited time after certain events that would otherwise lead to the loss of that coverage, such as job loss, reduction in work hours, or other qualifying events. This law ensures that individuals do not face an abrupt loss of health insurance, allowing them to maintain access to necessary medical care during a transitional period when they are often in need of continued coverage. By enabling individuals to purchase health insurance through their former employer's group plan, COBRA serves as an important safety net for those experiencing changes in employment status.

The other options, while relevant to broader healthcare topics, do not accurately reflect the specific purpose of COBRA. For instance, regulating health insurance premiums or providing employment assistance is not within the primary goals of COBRA, nor does it specifically target promoting wellness initiatives. The focus of COBRA is narrowly defined to ensure that continuity of health coverage is maintained for those impacted by employment-related changes.