Saturday, December 4, 2010

Can you cancel easily health insurance should you quit your job?

The terms and agreements say that the enrollment will continue until you retire and also if you are in financial hardship, but what about if you quit your job? Is it hard to get rid of health insurance if you quit?
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No it's not hard to get rid of health insurance if you quit. The premium is taken out each month from your paycheck. Once you quit and the termination notice is sent in, your health insurance is stopped at the end of that period. They will usually send you some papers to see if you want to sign up for a Cobra Health Plan (an extended health insurance where you pay the total premium). You don't have to accept it.
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