COBRA Requires Most Private Employers to Continue to Make Health

question 76

Multiple Choice

COBRA requires most private employers to continue to make health benefits available to terminated or retired employees and their families for a period of time, generally ________ months.

• A)6
• B)12
• C)18
• D)24

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Definitions:

Approved Voucher

A document or record that authorizes a payment and confirms that goods or services have been received and are satisfactory, ready for payment processing.

Unpaid Balance

The remaining amount of a debt or loan that has not yet been paid off by the borrower.

Voucher Document

A document recording the details of a financial transaction and used for authorizing the payment process.

Separation Of Duties

A principle in auditing and accounting where tasks are divided among different employees to prevent fraud and errors.