Waiting Period (job-based coverage) October 01, 2020 03:01 Updated The time that must pass before coverage can become effective for an employee or dependent who is otherwise eligible for coverage under an employer-sponsored health plan. Related articles Contact Us COBRA Coverage and Options Through Pennie | pennie.com. What if I lose job-based health insurance? Are Pennie customers still responsible for taking "affordable coverage" when it comes to job-based coverage Changing from coverage through Pennie to Medicare Can't find your answer? Find local assistance or contact us.