COBRA, should you take it or leave it? You can’t leave COBRA whenever you feel like it and enroll in an Obamacare plan. If you elect COBRA, you can ONLY change to an individual Obamacare plan during open enrollment or when COBRA ends (typically 18mo).

What you can’t do is wake up one morning and decide that your tired of paying COBRA, terminate the plan and enroll in Obamacare: Not Allowed. That is a voluntary loss of coverage and NOT a Qualifying Life Event (QLE). I write about this more here.

P.S. Don’t get advice on COBRA from your HR department, in most cases they’re dumber than a box of rocks.