Businesses of any size are subject to fail in this economy which begs the question among employees: what happens to your health insurance? It is important to be aware of your options should you be faced with this situation. If your employing company files bankruptcy, but you keep your job, you may be able to keep your coverage. However, many companies in this situation will drop coverages or lay off workers. If you are laid off, but the company keeps its group health insurance policy, you will be able to access COBRA coverage for up to 18 months after termination. However, if the company goes bankrupt and drops its coverage, no COBRA will be available as there is no longer a group plan in effect. Your employer will be required to give you 60 days notice and a “certificate of credible coverage” which will assist you in aqcuiring a private insurance plan. It is critical to always be aware of your situation and your options, and to be proactive. Private insurance plans can be time consuming and sometimes difficult to aqcuire. What other tips would you give someone in such a situation?