COBRA (the Consolidated Omnibus Budget Reconciliation Act) requires?

COBRA, or the Consolidated Omnibus Budget Reconciliation Act, is a federal law that provides certain employees and their families the right to continue health insurance coverage under an employer's group plan for a limited period after experiencing a qualifying event, such as job loss, reduction in hours, or other life events. The requirement specifically applies to employers that have 20 or more employees, thereby setting a threshold for which organizations must comply with these provisions.

COBRA coverage allows individuals to maintain health insurance benefits for up to 18 months, and in some cases, even longer, which is particularly important for those who are in transition and may not immediately find new employment. This law is designed to protect employees and their families during times of uncertainty, ensuring they retain access to healthcare coverage.

The other options relate to different aspects of insurance regulation and policy but do not pertain to the key provisions of COBRA. These include regulations around anti-money laundering, health information privacy controls, and privacy policies, which are governed by separate laws and regulations. Thus, the understanding of COBRA is crucial for recognizing its role in health insurance continuity for employees transitioning out of an organization.