Before you decide to get cobra insurance, are you okay with the plan and the applicable costs? Remember that the costs apply throughout the open enrollment period of your state. You are free to modify your coverage and you will not be charged any penalty. What if you don’t choose cobra or pay the premiums? The loss of coverage will initiate a unique enrollment period in the state’s health insurance sector. For this matter, you can enroll in the marketplace during that time. You are given 60 days to grab the plan that is offered by the state marketplace. Be sure to keep up with the state’s website for updates. When you have a cobra plan, beware of the consequences of quitting before the term comes to end. Plan the beginning of the new coverage to avoid enduring a gap while receiving follow-up care or treatment.