An employee has decided to leave the company. As part of the exit process, what must you offer in terms of health insurance coverage according to COBRA? 1. Offer to cover all health insurance costs for the next year. 2. Inform the employee they are no longer eligible for any health insurance. 3. Offer the employee the option to continue their health insurance coverage at their own expense for a limited time period. 4. Automatically enroll them in a government health care program