[kiwiokie]

One common mis-conception is that COBRA is some sort of government or independent health insurance plan. It is not. It is simply a government requirement on your company to allow you to continue coverage under your existing company medical insurance plan for a defined period of time after your termination date. It is expensive as it represents the full cost of medical coverage under your company plan (without any company subsidy). I agree that you should not sign up unless you need to claim.