The ACA should solve your problem as of Oct. 1 [edit: Jan. 1]. That's the whole point of it, that you can buy an individual policy w/o being rejected if the insurance company decides they don't like your health.
Because there may be a brief gap (between the time you leave your parents' policy and when you can sign up for the "exchanges" under PPACA, it may be prudent to do a COBRA conversion at least temporarily. The implementation of the exchanges could be delayed, there could be some other issues, so it's good to have covered just in case something happens in the mean time.
Technically, COBRA isn't really administered by the government. It's a legal requirement that if you lose eligibility for a group policy (e.g. if you leave your job or as in your case, age out as a dependent) you have the right to convert to an individual policy for up to 18 months with no underwriting or change in rates based on your health. So the COBRA would be an individual policy with your current insurer.
Last edited by baw703916
on Fri Aug 30, 2013 5:08 pm, edited 1 time in total.
Most of my posts assume no behavioral errors.