Full Definition of POWWOW. 1. : an American Indian medicine man. 2. a: an American Indian ceremony (as for victory in war) b: an American Indian social gathering or fair usually including competitive dancing. 3. a: a social get-together b: a meeting for discussion.
The duration of COBRA benefits depends on the qualifying event. If the qualifying event is the employee's quitting, termination, or reduction in hours, COBRA benefits last for 18 months. If the qualifying event is the employee's death, the employee's divorce or legal separation, or the dependent's loss of dependent status under the plan, COBRA benefits last for 36 months.
The lesson: If you're on COBRA when you turn 65, enroll in Medicare during your initial enrollment period. You should drop COBRA, unless you have a spouse who is younger than 65 and covered by the plan. A spouse can continue on COBRA for up to 36 months or until he or she is eligible for Medicare.