Although open enrollment is a popular time to transfer health insurance plans, there are other reasons you might want to terminate your existing one.
In truth, there are various reasons why you should cancel your health insurance. For example, if you acquired a new job with new health benefits, turned 65 and became eligible for Medicare, or were laid off, you would be eligible for a special enrollment period to cancel or enroll in a new health plan.
The steps you should take to cancel health insurance coverage will vary depending on your provider’s policies, your reasons for canceling, and whether your plan covers your dependents. This blog will provide key guidelines on how to cancel your medical insurance and five tips to help you make wise decisions when changing your health insurance coverage.
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