Although continuing COBRA insurance coverage through one's employer is a good option for many, it may not be the best choice for everyone. Depending on one's health status, finding private insurance to fill the gap may provide adequate coverage without the costly price tag of COBRA insurance.
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the government will now pay 65% of COBRA for 9 months, see nytimes article
http://www.nytimes.com/2009/02/13/your-money/13money.html