New York Insurance Exam Practice Question
Which federal law allows continuation of group health coverage after employment termination?
Correct Answer: B
Rationale: COBRA (Consolidated Omnibus Budget Reconciliation Act) specifically allows individuals to continue their group health insurance coverage for a limited time after employment ends, ensuring they don’t lose coverage unexpectedly.
HIPAA (Health Insurance Portability and Accountability Act) focuses on protecting patient health information and ensuring health insurance portability, but does not provide coverage continuation.
ERISA (Employee Retirement Income Security Act) regulates employee benefit plans but does not directly address health coverage continuation.
GLBA (Gramm-Leach-Bliley Act) pertains to financial privacy and has no relevance to health insurance.
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