Which of the statements below is NOT correct about Consolidated Omnibus Budget Reconciliation Act (COBRA)?
1) COBRA allows you to maintain your group health insurance coverage for up to 18 months if you lose your job.
2) COBRA only applies to companies with less than 20 employees.
3) You have a 60-day window to file for COBRA benefits after you leave the company.
4) COBRA applies if you are the child under the age of 23 of a worker who left the company.