COBRA is an acronym that is frequently heard when someone loses their job.  COBRA is the acronym for the Consolidated Omnibus Budget Reconciliation Act.  Make sure you know your rights and the employer’s responsibility.  

You are eligible for continuation of your health, dental or vision coverage that you are enrolled in when you terminate employment.  You are eligible regardless of the reason you leave the company accept for felony legal charges.

Also, you may want to look to seek other coverage instead of electing COBRA.  Your COBRA plan will be based upon the employer’s cost and you may be able to find an individual policy cheaper.  Get a quote from an online vendor like eHealthinsurance.com to compare costs.

COBRA will allow you to carry coverage for which you are fully responsible.  The employer can even take on a 2% administrative charge.  You will be able to carry the coverage for at least 18 months.