What is the main role of COBRA in the context of employee benefits?

The main role of COBRA, which stands for the Consolidated Omnibus Budget Reconciliation Act, is to provide continued health coverage for employees and their families when certain events occur that would otherwise result in the loss of health insurance benefits. This act allows individuals who would typically lose their employer-sponsored health insurance—due to events like job loss, reduction in hours, or other qualifying events—to maintain their coverage for a limited time (typically 18 months, with some qualifying events allowing for up to 36 months) by paying for the full premium themselves, including any amounts previously paid by the employer.

COBRA ensures that individuals and families can continue to access necessary medical care without interruption during a vulnerable time when they face possible financial hardships. The other options, such as reducing premiums, providing long-term care, or managing disability claims, do not align with the purpose and function of COBRA in employee benefits. COBRA specifically focuses on the continuation of health insurance coverage rather than addressing costs, long-term care needs, or disability management.