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COBRA provides certain former employees, retirees, spouses, former
spouses, and dependent children the right to temporary continuation of
health coverage at group rates. This coverage, however, is only
available when coverage is lost due to certain specific events. Group
health coverage for COBRA participants is usually more expensive than
health coverage for active employees, since usually the employer pays a
part of the premium for active employees while COBRA participants
generally pay the entire premium themselves. It is ordinarily less
expensive, though, than individual health coverage.
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