I just sent my first check in for cobra coverage since I got let go from work. My wife asked if we needed to.
my answer: well for 18 months or until I can manage a new job (more likely) we have locked in rates and don’t need to worry about clearing any entry hurdles.
And if you lost your job because of an employer bankruptcy, you have the option to continue COBRA indefinitely.
Look into it. I found this out after my COBRA ran out and I spent $110,000 for bypass surgery. I was ten months away from medicare.
Should have sued the bastards. Up until that time I always had insurance even though most of the time I was self-employed.