Question: Can I drop my COBRA plan and buy a Covered California plan on Jan 1, 2014? If so, can I get a subsidy if my income qualifies?
Answer: A person on COBRA will not be eligible for coverage in Covered California unless their COBRA premium is “unaffordable”, that is, it fails the 9.5% of income test (read Bad News …. In that case you are eligible for Covered California coverage and also eligible for a federal subsidy if your income qualifies you. A person whose COBRA coverage is “affordable”, can drop their coverage and enroll in an ACA compliant off-exchange plan as of Jan 1, 2014.