My health insurance is too expensive and when I signed I was not aware that it was for a year. Now they are telling me I am locked into it for a year.
2007-08-24 15:43:26 · 10 answers · asked by darkchild656 1 in Business & Finance ➔ Insurance
Are you saying that they won't let you cancel it for a year, or that they won't let you make changes to the policy for a year?
You should be able to completely cancel your policy whenever you want.
However, changes to an existing policy that you wish to keep (such as raising or lowering the deductible) sometimes can only be done during the annual renewal period. Is that the sort of "contract" that you're talking about? That you can't make changes to your policy until your next renewal period?
That's the only thing I can think of that would remotely make sense in your situation - you should always be able to completely cancel a policy?
2007-08-25 16:22:50 · answer #1 · answered by sarah314 6 · 0⤊ 0⤋
As someone who has been licensed as a life/health agent in two states, I have to say I've never heard of a "contract" for health insurance. You should be able to cancel at any time.
I would suggest contacting your state insurance department. (Search for "[state] department of insurance", i.e.- "Florida department of insurance".) Call the number on their site and ask to speak with someone who can assist you with a health insurance situation. If the company is holding you in the contract illegally, they will assist. If this is legal, they will tell you your options.
2007-08-24 18:20:28 · answer #2 · answered by pandemicsoul 3 · 1⤊ 0⤋
You sign the appliance pointing out that the suggestion you supply is real, not a settlement in keeping with se. as quickly as the coverage is issued and any exclusions or riders are further they deliver the coverage settlement so you might evaluate and settle for or not. and you do have the ten days to cancel. We consistently stored a replica of the coverage settlement in the place of work for absolutely everyone who needed to work out it. yet given which you do have the surprising to cancel and since the settlement isn't finished until eventually underwriting is finished and any themes are resolved it is how that is done.
2016-10-03 05:01:29 · answer #3 · answered by gearlds 4 · 0⤊ 0⤋
Submit a Request for Change in Membership form to your insurance carrier to terminate your policy. I am not sure who gave you this information (not being able to cancel for a year), but I completely disagree with it.
2007-08-26 14:56:20 · answer #4 · answered by ? 7 · 0⤊ 0⤋
If your policy was bought by you, and you are paying the premium (no employer involvement) you can just stop paying it and they will cancel it....The contract was for one year, but it is just a rate guarantee for you...So just do not pay it,,,
If you got it at work, you are stuck unless you quit the job...
2007-08-28 07:21:46 · answer #5 · answered by Art G 4 · 0⤊ 0⤋
You could just not pay the bill ,
But the first time you have to pay a doctor cash or need a procedure , it will be 100 times what your bill was .
>
2007-08-24 15:53:55 · answer #6 · answered by kate 7 · 0⤊ 0⤋
Agreeing with pandemicsoul, you should be able to cancel at anytime, whether group or individual.
2007-08-24 18:29:08 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If it's group health, you're in it for a year.
2007-08-24 15:58:07 · answer #8 · answered by Yo' Mama 4 · 0⤊ 0⤋
You'll have to quit your job, or go down to part time without benefits.
2007-08-24 15:51:21 · answer #9 · answered by White Wolf 4 · 0⤊ 0⤋
Get sick and they will do anything to get rid of you.
2007-08-24 15:52:04 · answer #10 · answered by Perplexed 5 · 0⤊ 0⤋