It's less nice and more that they're paying people to sign away their right to sue.
Imagine you've left your job, you probably don't want to go back there. You have to start a new job search. You're likely out more than one month's salary. Plus the intangibles of a job search while unemployed vs. employed.
Imagine you declined COBRA, or even with COBRA, you might end up with a period of being responsible for your own health insurance payments, too.
You have a gap in your employment record where you otherwise wouldn't have had one. That affects credit decisions.
> COBRA is actually a terrible deal if you had a nice plan. You could pay a third to get a decent marketplace plan in most places
Unless you qualify for marketplace subsidies, marketplace plans aren't a better deal like for like, than the best deals on employer group plans. If you had a good employer plan, a minimal marketplace plan will be far cheaper, but switching insurers can have a nonfinancial transitional cost associated with networks changes that you may not want to deal with when transitioning to job hunting, and while for the average consumer a cheaper plan will usually also be lower cost, you may not be the average consumer; a cheaper plan that covers less may, as well as being a transitional headache, increase your total insurance + out of pocket cost.
The last time I looked at marketplace plans (in my state ymv). I couldn’t find a single one that had good enough coverage for this to be worth it. The person I was looking for hits their out of pocket max every year though, so it just depends on your usage. The best I could find was like 1k a month + a 12k out of pocket max, so 24k a year total. But ymmv
Imagine you've left your job, you probably don't want to go back there. You have to start a new job search. You're likely out more than one month's salary. Plus the intangibles of a job search while unemployed vs. employed.
Imagine you declined COBRA, or even with COBRA, you might end up with a period of being responsible for your own health insurance payments, too.
You have a gap in your employment record where you otherwise wouldn't have had one. That affects credit decisions.