alt Hacker NewsCompanies 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 • yesterday at 11:15 PM
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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I think you misunderstood: Coinbase is offering to pay for the first 6 months of COBRA for the laid-off employees. They can still continue with it for the following 12 months if they want, paid out of pocket.