1. What is COBRA? The Consolidated Omnibus Budget Reconciliation Act , abbreviated as COBRA, is a federal law that was passed by Congress in 1986 in order to make changes to the Employee Retirement Income Security Act, the Internal Revenue Code and the Public Health Service Act in order to temporarily extend coverage under a job-based group health plan after leaving a place of employment. 2. What does COBRA do? How does it work? COBRA mandates that former employees, retirees, spouses, former spouses and dependent children be offered continuing health coverage after a...