Laid off – Marketplace vs. COBRA

I've done a good amount of DD but looking for guidance on a few points below still that I couldn't uncover.

I was laid off yesterday with benefits ending on 4/30 (located in TX if it matters). It's my understanding that I have 60 days to elect COBRA benefits (pretty cool it's retroactive)..I fully intend on not pursuing COBRA unless something crazy happens within that 60 day window. My questions:

-If something catastrophic does happen in May/June and I need to enroll my family in COBRA, can we drop coverage and move to a Marketplace (cheaper) plan beginning July or do we get one shot at enrolling based on the qualifying event?

-If we forego COBRA altogether and enroll in a Marketplace plan, any tips on what I should look for before speaking with a rep? Last year I made just over $350k so I doubt I'll be eligible for any breaks. At first glance, it looks like there are a ton of plans that have sub $300 monthly premiums..what's the catch other than horrific coverage?

submitted by /u/morgankr34
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