Companies with less than 20 employees aren't federally required to offer COBRA. Companies larger than that are required to offer at least 18 months of coverage. I don't know how large your old company was, but Coinbase is large enough that this offer, rather than being generous, sounds illegal? https://www.dol.gov/sites/dolgov/files/ebsa/about-ebsa/our-a...

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tkzed49 2 hours ago | parent [-]

They're offering to subsidize the cost that the individual would normally pay for COBRA coverage. They're only required to offer the coverage, but not to pay for it.

However, I don't think this is that unusual in SV layoff packages.

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ryandrake 2 hours ago | parent [-]

If so, that's really generous, given the cost of having to pay for COBRA.

Either way, I'd still be shitting my pants. 16 weeks is not a lot of time to find another job in today's environment. I know devs who have been out of work for years and had to resort to stocking shelves at Home Depot to tread water.

	▲	abnercoimbre 2 hours ago \| parent [-]
		Yep, I also know of multiple devs going into nursing. It used to be the other way around!