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H1b Job change and health insurance cobra

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I am on H1b and considering joining a new company on H1b transfer. Currently, I have UHC. However, I need to wait for 31 days before getting health benefits in the new company. So, there is gap of around 5 weeks where I may not have health insurance. We are expecting and due in 4th week of July. My wife is dependent. Would you advise me on my options as I can't afford to be without insurance for a day. I have heard about COBRA. If that is the best option, does every company(including desi-companies) provide COBRA option? How common and reliable this is and the plz share process and timeline.

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