If you have been laid off from your place of employment or you have left for another reason, one of the options you might have received at the time of your employment termination is the ability to sign up for Cobra insurance. This type of insurance allows you to extend your health coverage for a set period of time after you leave your job. This can be an important part of making sure that you and your family have the insurance coverage you need in case you get sick or injured.
There are a number of Cobra insurance rules so it’s essential that you understand what you have to do in order to take advantage of this extended period of insurance coverage. Additionally, the cost of this insurance will typically be your responsibility, so it’s necessary to make sure that you are ready to take on this extra expense.