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.


Answer: A

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Television and online media are better suited to marketers who

A) cannot afford to hire a full-service advertising agency. B) want to reach households primarily in remote, rural areas. C) sell products that can be ordered only online. D) have not been able to accurately identify their audiences. E) wish to show their products in action.

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Emerald Consultancy, a brokerage firm, advertises that it will double its customers' money in five years. However, it fails to do so. Some of the customers file a complaint with the Federal Trade Commission (FTC)

The commission's staff finds that the advertising is "deceptive" or "unfair" within the meaning of Section 5 of the Federal Trade Commission Act. How will the FTC seek to stop the advertising campaign? What is the benefit of this method?

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Given three statistically independent events (A,B,C), the joint probability of P(ABC) = P(

A) × P(B) × P(C).

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All of the following statements are true except

A. taxpayers who change from one accounting period to another must annualize their income for the resulting short period. B. once adopted, an accounting period normally cannot be changed without approval by the IRS. C. taxpayers filing an initial tax return are required to annualize the year's income and credits. D. an existing partnership can change its tax year without prior approval if the partners with a majority interest have the same tax year to which the partnership changes.

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