Asked by Ashley Ochoa on Jul 11, 2024

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Jerry loses his job during a layoff at his company. He's worried about not having access to his health insurance benefits anymore. However, his company is required to offer him the same health insurance coverage for up to 36 months following the layoff. Which federal law applies in this scenario?

A) Social Security Act
B) Employee Retirement Income Security Act
C) Family and Medical Leave Act
D) Consolidated Omnibus Budget Reconciliation Act
E) Affordable Care Act

Consolidated Omnibus Budget Reconciliation Act

A federal law providing individuals and their families the option to continue health care coverage under their group health plan in certain instances where coverage would otherwise end.

Social Security Act

A law enacted in 1935 to create a system of transfer payments in which younger, working people support older, retired people.

Health Insurance Coverage

A type of insurance that covers the whole or a part of the risk of an individual incurring medical expenses, spreading the risk over many individuals.

  • Understand the regulatory obligations and consequences of federal statutes on employment benefits.
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Verified Answer

JL
Jared LemkeJul 14, 2024
Final Answer :
D
Explanation :
The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires that employers with 20 or more employees offer continued health insurance coverage to employees who experience a qualifying event, such as a layoff, for up to 36 months. This allows individuals like Jerry to maintain their health insurance coverage even after losing their job.