There is a lot of confusion surrounding this question – whether you can cancel or change your health insurance policy at any point in the year. The answer to these questions is not a straight shot answer. Yes, you can cancel your health insurance at any time, but you might not be able to enroll in another policy outside of the open enrollment period unless you have a qualifying life event. Such as changes in the household, changes in residence, loss of health coverage, and more.
Aside from open enrollment, the only time a work health plan can be changed is when employees are hired, when employees leave the organization, or if the employee suffers a qualifying life event. You have 30 days to adjust your health plan if you have an eligible change during the year. If you miss the 30-day deadline, you’ll have to wait until your company’s next open enrollment period.
How do you cancel an Obamacare plan?
If you find a new job that provides healthcare, and you need to cancel or terminate your Obamacare plan. You can terminate your Obamacare health insurance coverage at any moment. This is also true if you wish to leave Obamacare and enroll in Medicare. You can cancel your health insurance coverage online at Healthcare.gov or by calling customer service at 1-800-318-2596.
How to cancel a private health insurance plan?
To cancel your private insurance plan or employer’s plan, notify your insurance provider that you will be canceling your health insurance policy. Do you have any doubts about the number? Check the back of your insurance card for information. To figure out what actions you need to follow, look over your policy’s cancellation terms. When terminating a health plan, most businesses need you to phone them personally.
Before deciding on the ideal health plan, compare plans offered by various insurance companies. Standard Health offers you access to compare hundreds of insurance plans and quotes to find what best fits your budget and needs. Contact a Standard Health representative to discuss your options in detail at 1800-501-3537.