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You can cancel your health insurance at any time. However, before you cancel, you should have other coverage in place with a current effective date.
If you are unsure of the type of policy you need, an experienced broker can review all of your options, shop the top-rated carriers and guide you through the enrollment process.
Yes, you can cancel any insurance at any time! The carrier may have restrictions on when and under what conditions a policy can be cancelled but an insured has no long term obligation to a policy.
Please be cautious before cancelling a policy; there have been many cases where an insured has cancelled a policy and has been unable to obtain insurance again for a variety of factors. It is a good idea to replace your coverage first unless you're certain that you don't want the insurance.
You can cancel your insurance anytime BUT you need to be aware of the new rules regarding when you can enroll in a new policy. The ACA rules have made it so you can only enroll in a non group based health plan during open enrollment which runs from November 15th to January 31st. You will not be able to enroll in a plan outside of that period without a special election period. Cancelling your current insurance is voluntary loss of coverage and not a valid election to enroll in a new plan. The big misconception is people think you can only enroll in an ACA "Obama care" plan during open enrollment but the rule applies to non ACA plans as well. In other words, if you cancel your current insurance, be prepared to wait until the following January until you can be enrolled in plan again.
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If you are unsure of the type of policy you need, an experienced broker can review all of your options, shop the top-rated carriers and guide you through the enrollment process.
Please be cautious before cancelling a policy; there have been many cases where an insured has cancelled a policy and has been unable to obtain insurance again for a variety of factors. It is a good idea to replace your coverage first unless you're certain that you don't want the insurance.