This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- That COBRA is a federal law applying to employers with 20 or more employees.

- The difference in qualifying events for employees (termination, reduced hours) versus dependents (death, divorce, Medicare eligibility).

- The standard continuation period is 18 months for termination or reduction in hours.

- Dependents are eligible for a longer, 36-month continuation period for events like death of the employee or divorce.

- Beneficiaries must pay up to 102% of the premium, which includes the full cost plus a 2% administrative fee.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep