My wife and I have insurance through my employer and I was just told by several of my co-workers that I will be getting laid off when I get back to work next tuesday (08/03; back from a 3 week vacation). So my first instinct is to think about the cost of my wife's medication.
I know I would be eligible for COBRA, but I am unsure how does it work:
-is there a time between where my employer's coverage end (they stop paying for coverage) and when COBRA starts?
i.e. is there going to be a time lapse?