An insured pays $6,000 annually for his family's health insurance, which began on January 1. He informs the in

An insured pays $6,000 annually for his family's health insurance, which began on January 1. He informs the insurer on June 30, that he is cancelling the policy. The refund from the insurance company will be
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Health insurance is normally purchased on a month to month basis. If he paid in full for the year, in January, and requested cancellation in writing, in advance of the cancellation date, he's entitled to a pro rate refund, unless the policy is through his employer's group. ( I mention this, because that's the only way *I* know of to cover a family for $500 a month). In which case, he can't cancel the policy until the open enrollment period, or he experiences a 'qualifying event'.
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