Health Coverage - COBRA ????

DOES ANYONE KNOW ABOUT THIS? I JUST SENT MY JANUARY COBRA PAYMENT AND THEY CASHED THE CHECK.. BUT BY THE WAY THIS READS IF THERE IS NO COMPANY, THEN THERE IS NO COBRA TO PAY IN TO????

BY LAW SHOULDN'T THEY HAVE TO SEND US SOME KIND OF NOTIFICATION????

Health Coverage

Don't fool yourself: You risk disaster if you allow health insurance to lapse between jobs –– even if it's only for a few weeks. The federal COBRA law, which gives you access to your ex-employer's group insurance plan after you leave the company, may be the best insurance bridge. Alas, there are major catches. You must pay the premiums, and the insurance will evaporate if your ex-employer goes out of business or drops its group health coverage.

So you may be forced to buy private insurance, which could offer inferior coverage. When you receive an offer for your next job, "bargain with the new employer to start your insurance" and waive the standard waiting period, advises Meena Patel, former human resources director and associate general council for Goinvest.com Inc. of Santa Monica, California; the company filed for Chapter 11 bankruptcy in late 2000.