n Georgia, it looks like after using COBRA you are either entitled to a conversion policy and if one isn't available, the state provides a mechanism for you to buy a different policy. According to Pilzer's online guide, he says for Georgia:
HIPAA-eligible individuals: Applicants must elect and exhaust available COBRA coverage. If the applicant is coming off a self-insured plan, the state assigns a private insurer to provide individual health insurance. If the applicant is coming off an employer plan provided by an insurance company, the insurer is required to convert coverage to an individual policy.
As Brewer mentioned, you should also read this site:
Georgia health insurance and for more information, contact the Georgia Insurance Department Consumer Services Division at 1-800-656-2298 or (404) 656-2070.
Tangomonster's husband was in the same position you are and he ended up with a conversion policy IIRC. She might have some information on cost.
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