What is one event that entitles an employee to COBRA coverage?

COBRA, or the Consolidated Omnibus Budget Reconciliation Act, provides eligible employees and their qualifying dependents the right to continue health insurance coverage in certain instances where they would otherwise lose their group health benefits. One key event that triggers this entitlement is the termination of employment. This includes both voluntary and involuntary terminations, such as if an employee resigns or is laid off. The purpose of this provision is to give employees and their families the opportunity to maintain health coverage during a transitional period, allowing them time to seek new employment or find alternative health insurance options. Other events involving family changes or promotions do not qualify for COBRA coverage, as they do not result in the loss of health insurance benefits from the employer.