A COBRA That's Good for Your Health

And even if you do find other coverage, there may be a period where you won't be covered for that specific illness or a pre-existing pregnancy. Or those with pre-existing conditions may qualify for a state HIPPA plan, which is intended to cover these situations through "high-risk" pools administered by the various states.

But if you are at risk of losing your job, it's wise to consider the options in advance, so you'll be prepared to make a smart decision about whether to extend your employer's coverage or find coverage on your own. Knowing where to get the information and how to search makes this traumatic process much easier. And that's The Savage Truth.