COBRA is ridiculously expensive. My company has a pretty bad health plan, and it would cost me $200 a month to continue using it through COBRA! The plan that Northwestern offers isn't much cheaper. The only reasonable option I've found so far is Blue Cross/Blue Shield, which offers dozens of plans from $50-$100 /month. Of course these benefits are much more limited than what I'm used to, even with the bad health insurance I have through work now.