Which Statement Regarding COBRA Is True

question 86

Multiple Choice

Which statement regarding COBRA is true?

• A) The act applies to private firms and agencies of state government but not to federal government agencies.
• B) COBRA allows you to continue your health coverage for two years after you stop working.
• C) The act was passed in 2010.
• D) If you retire and are not yet eligible to receive Medicare, you are not covered by COBRA.

---

Definitions:

Mistakes

Errors or misunderstandings that can occur in various contexts, such as in contracts, decisions, or actions.

Untrue Statements

Assertions or claims that are not accurate or correct, often made with the intent to deceive.

Mutual Mistake

A legal concept where all parties involved have a mistaken understanding regarding a basic assumption on which a contract is based, potentially making the contract voidable.

Basic Assumption

A fundamental, often implicit, belief that shapes the framework of individual or collective reasoning and actions.