What does the Colorado "Mini-COBRA" law provide?

The Colorado "Mini-COBRA" law offers continuation of group health insurance for individuals who lose their coverage under specific circumstances. This provision is designed to protect individuals and their families by allowing them to maintain their existing health insurance benefits for a limited period after experiencing qualifying events, such as job loss, reduction in work hours, or other significant life changes that would normally result in the loss of employer-sponsored health insurance.

This law is similar to the federal COBRA legislation but is tailored for smaller employers who might not be covered under the federal regulations. The aim is to provide a safety net for individuals in transition, reducing the gap in coverage, which is particularly important for those who may face financial hardships during such times.

The other options address different aspects of health insurance but do not pertain to the specific provisions of the Mini-COBRA law, emphasizing why B is the appropriate choice.