If former employees, spouses, dependents, or retirees lose health coverage, they may be eligible for a COBRA Continuation Health Coverage Plan. COBRA is eligible to an employee if they are no longer offered health coverage under their employer and the employer is still offering the same health coverage to the other employees. Typically, businesses with 20 or more employees utilize COBRA. However, eligibility is also determined based on certain qualifying events. You must fit into one of the below qualifying events in order to be considered a COBRA qualified beneficiary. The qualifying events for employees: Voluntary or involuntary termination of employment (misconduct is not included)