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Don't forget they lay you off the Thursday before a 3 day weekend, as close to the middle of the month as possible. So the "coverage to the end of the month" is more like 10 days of coverage
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During an exit interview as I was going to a new job, they let me know my coverage was good until the end of the month.

Me, never able to not say something stupid, "Got it. Don't get hit by a bus on the 1st."

Dead silence. HR playing ping-pong with their eyes. They eventually told me something like that had happened to a person who'd just left a few months prior to this.

One of these days, I'll learn, yeah?

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