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.
COBRA is a coverage gap provision that allows you to remain on an employer's group health insurance policy by paying the entire premium up to 102 percent of the original coverage cost. You can maintain COBRA coverage for up to 18 months, although disability and other provisions can allow further extension. Maintaining this coverage allows you to benefit by keeping previously paid deductibles and will help you avoid the pre-existing condition limitations of buying new coverage.