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.
Insurance coverage under COBRA costs the entire amount of the premium, plus a surcharge, for a total of 102% of the group rate. This is more than many people can afford. A former spouse must apply for COBRA coverage within 60 days after becoming divorced. Coverage lasts for up to 36 months.