by Guest » Tue Jan 20, 2009 11:23 am
My health insurance is through my employer but I'm seriously considering canceling health insurance since their rates are way to high. Can i cancel my health insurance anytime I need? or, there isn't anyway out of it? :(
Posted: Sat Feb 01, 2014 06:34 pm Post Subject:
How long after the paperwork is filed, does it take to cancel?
Posted: Fri Feb 07, 2014 08:01 pm Post Subject:
Just stop paying your premiums, and you will be cancelled within about 20 days. No paperwork needed. But that won't necessarily make you eligible to enroll in another health plan.
Posted: Wed Feb 25, 2015 07:33 pm Post Subject: 2 policies
I've been paying for our family dental plan through my employer, however, my husband's employer decided to add full coverage on dental as part of their benefit package at no cost to us. However, I cannot cancel our existing plan until next December. $840 down the drain on a policy that I cannot use. My husband's policy is a better policy as well. :evil:
Posted: Tue Apr 21, 2015 02:00 am Post Subject: fee for letting policy lapse?
signed up for health insurance through health,gov; cant afford 5000.00 dollar deductable; decided to let it lapse and pay penalty to IRS. Now being threatened with collection agency for premiums-never advised in writing or verbally of any such fees, is this normal?
Posted: Tue Apr 28, 2015 01:35 am Post Subject:
Yes, it has become a common tactic. You should have called the insurance company to cancel instead of just not paying the premium. It might not be enforceable in your state.
Posted: Tue Aug 25, 2015 08:46 pm Post Subject: Find New Insurance First
While you can cancel health insurance at anytime, I would wait until you've found a new health insurance company. If you're interested in the affordable care act, for example, you can only join at the beginning of the year. Other companies may put a premium on joining in June/July as opposed to January. Before you drop your insurance, you should research the application windows so you're never without coverage. If something goes wrong and you're not covered, a single trip to the hospital could bankrupt you.
Posted: Fri Aug 28, 2015 08:58 pm Post Subject:
If you're interested in the affordable care act, for example, you can only join at the beginning of the year.
This is overly broad and somewhat incorrect.Anyone may enroll in health insurance -- on or off the exchange -- during the Annual Open Enrollment Period. For 2016, Open Enrollment begins November 1, and ends January 31. After this period closes, a person can still enroll if they have a life change event, but must do so within 60 days.
A person is only eligible for Premium Tax Credits to help pay some of the premium if they apply for insurance through their state/federal health benefits exchange. If a person is offered health insurance through their employer (or their spouse's employer), they are generally ineligible for Premium Tax Credits, but may still purchase health insurance through the exchange or elsewhere.
For more information, contact a local agent who markets health insurance.
Posted: Wed Oct 07, 2015 03:38 pm Post Subject: Medical Insurnce
I have an employee who signed up for medical benefits and know he wants to cancel the benefits to go on his wifes plan. Legally how many days does he have to cancel the policy?
Posted: Wed Dec 09, 2015 03:06 pm Post Subject:
Talk to your agent.
Posted: Sun Apr 15, 2018 10:49 pm Post Subject:
:twisted: :x my insurance sucks threw my work, I pay a reason aminal amount out of each paycheck for insurance I can not use. My deductible is 5000.00 I have to pay everything out of pocket up to 5000.00. then if I do go to the doctor the not pay for anything, I owe the insurance company now for going to my doctor.
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