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At 55, I have just given my notice at my job of 21 years. With my wife 50 and with some serious health problems that have caused her to leave her own job, we are concerned about health insurance. She is preparing to file for SS Disability and has been declared as disabled by two of our own doctors. Still we know that the process of SS Disability could take several years. I understand that cobra coverage is available for us both and have been quoted a rate of $320 per month for us both.

I expect to continue working in a new job although I am in no hurry to find one as yet. My question is this: If I find a new job that offers Health insurance coverage and accept that coverage but then later (one month , two months, or more) decide that this job is not for me, Do I lose the remaining part of the 18 months availability for cobra coverage?

Another scenerio: I stay with this new job for a longer period of time,(one year or more) do I now have the availability of the 18 months cobra coverage all over again from the beginning when I do leave that job?

Without doubt, medical coverage through a new employer would be much cheaper than the cobra coverage but I dont wish to lose the availability even so. My current company has also informed me that conversion coverage is available after cobra coverage expires for what they project as$600+ per month

Any one with experience in this problem with answers is asked to respond.
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