About COBRA - The Bridge to Health Insurance
In the meantime you are expected to find your own health insurance plan. This could be either through employment with another company, becoming a dependent on your spouse's health insurance plan, or by buying your own private health insurance.
There is a major problem with COBRA. You are required to continue paying the monthly premiums. COBRA will keep providing you health insurance coverage, as long as you pay for it. But you have no income.
If you want benefits that cover full dental, vision, and medical, COBRA plans require you to pay the employer's share of your health insurance premiums. As an employee, you were unaware that your employer was actually paying half of your medical premium to the insurance company on your behalf.
Under COBRA, no such deal. Your monthly premiums will be at least double what they were before you were terminated.