COBRA provides extended coverage for which of the following groups?

COBRA, the Consolidated Omnibus Budget Reconciliation Act, mandates that certain employers offer continued health insurance coverage to specific groups of people who would otherwise lose their health benefits due to events such as termination or reduction in work hours. The correct choice highlights that COBRA provides extended coverage not only to employees who leave their jobs but also to their dependents, including retirees, widows/spouses, and children born to covered employees.

This comprehensive approach ensures that families can maintain their health insurance benefits during transitional phases in life, which is critical for continued access to medical care and financial protection. The inclusion of dependents is significant as it highlights COBRA's role in supporting the health coverage needs of entire families during challenging times.

Other options, while touching on aspects of employment status, do not encompass the complete scope of coverage provided under COBRA. Therefore, the correct answer reflects the law's intent to extend health benefits to various individuals affected by employment changes, emphasizing the importance of continued health coverage during vulnerable periods.