For whom does COBRA generally apply?

COBRA, or the Consolidated Omnibus Budget Reconciliation Act, generally applies to individuals who are employees of group health plans maintained by employers with 20 or more employees on a typical business day in the previous calendar year. This federal law provides for the continuation of health coverage for certain qualifying events, ensuring that employees and their dependents can maintain their health insurance when they lose their jobs or experience other changes in their employment status.

The correct interpretation here is that COBRA does not apply to individuals working for employers with fewer than 20 employees, making the choice regarding individuals working with fewer than 50 employees inaccurate in this context. Rather, those working at companies with fewer than 20 employees are not eligible for COBRA, as such employers are not required to comply with this law. Hence, the correct option accurately reflects the stipulations of COBRA in relation to the employer size, focusing on the minimum threshold for applicability.