united-states employment new-york-state medical
Cobra medical benefits life event
<p>My employer has several health ins plans. My employer is required to provide Cobra coverage as it has several dozen employees.</p>

<p>If I were to choose one during open-enrollment, then get laid-off, the layoff, from my understanding, would be consider a life event thereby allowing me to pick a different plan if I choose to continue to use my employers health-plans? </p>

<p><a href="https://money.stackexchange.com/questions/116609/qualifiying-life-event-allow-one-to-change-coverage-plan?noredirect=1#comment227212_116609">General QLE question</a></p>

<p>My understanding is that you do not get to pick a plan, but rather if laid off you are able to select the COBRA option for the insurance you have signed up for.  Normally this will happen at a substantially higher rate, and it is time limited to 36 months.  Costs are capped at 102% of the employer's current rate.</p>

<p>You did not indicate what state you are in; I believe the requirements differ in some jurisdictions.</p>
