Severance negotiation and COBRA coverage

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richorlin wrote:
When you sign up for COBRA, you are actually continuing the same group health insurance that you had with your past employer. So, if your medical conditions were covered under that plan they will continue to be covered under COBRA..

COBRA says the company must offer their insurance...but they can charge the full rate including the part the employer subsidized. If it is a large employer with good demographics (young folks), the rate could be OK. raz pointed out that the ACA marketplaces are the alternative and a layoff allows you to sign up. Since you are getting a new gig, it might make sense to just do COBRA for a month while you get set up in the new plan. (The ACA markets are great, but there is some shopping required in most states since you will probably get offered a dozen plans.)

You should pay close attention to the new health care offer to be sure it is day one coverage, etc. Employer health plans can vary considerably, especially for dependents. (Some companies only partially subsidize dependents for example.)