What is COBRA?
COBRA is the name of the law (see below) that allows people to keep their health insurance if they leave a job where they had coverage.
Under COBRA, you can continue on the group health insurance but your employer is no longer paying any part of the premium cost, so you will pay more than you had paid as an employee.
This continuation of coverage is only offered for a limited time (most commonly 18 months).
Before you come to the end of that period, you should check into other options, giving yourself a few months to be sure you don't get stuck in a long underwriting or waiting period with no health insurance.
What does COBRA stand for?
Consolidated Omnibus Budget Reconciliation Act
Click here for the US Dept of Labor COBRA FAQ page