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 What should I do if I experience a change in income or another change in circumstance during the year? What if I lose job-based health insurance? COBRA Coverage and Options Through Pennie | pennie.com. Are Pennie customers still responsible for taking "affordable coverage" when it comes to job-based coverage Can't find your answer? Find local assistance or contact us.