When you leave your job, and your group health insurance plan, you have the option of taking COBRA coverage or buying your own, individual health insurance policy. Before you do, you need to determine which option is best for you.
COBRA is the acronym for a health insurance portability act signed into law during the 1990′s. Thanks to COBRA, if you leave an employer who is providing your group health insurance coverage, you can keep the coverage for 18-36 months even though you no longer really qualify for the group coverage since you are not a member of the group.
