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Can you cancel health insurance through your employer?

Health Insurance topics including Obamacare & Health Insurance quotes

Can you cancel health insurance through your employer?

Postby roe98 » Sat Mar 10, 2012 5:43 pm

Can no longer afford biweekly premiums. It's through Aetna.
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Can you cancel health insurance through your employer?

Postby baruch63 » Sat Mar 10, 2012 5:53 pm

If you are currently making the contributions on a pretax basis, you cannot change the insurance. You elect the insurance in 1 year increments and this is one of the rules. It's a IRS law called Section 125.
The only time you can change the election is via a life event (marriage, divorce, baby, etc)

If you are paying aftertax, you can change your benefits at anytime. All employees are ALWAYS allowed to elect benefits on an aftertax basis but you probably need to personally notify the company because the election will normally default to pretax payments.
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Can you cancel health insurance through your employer?

Postby marschall74 » Sat Mar 10, 2012 5:55 pm

Eventually yes, but not whenever you want. You get one opportunity each year, at open enrollment. If you miss the deadline, then you have to wait another whole year before you next have an opportunity to cancel.
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Can you cancel health insurance through your employer?

Postby gunter » Sat Mar 10, 2012 5:57 pm

No.

The IRS won't let your employer cancel your coverage, unless you lose your job, until next open enrollment.
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Can you cancel health insurance through your employer?

Postby brandr » Sat Mar 10, 2012 6:04 pm

pre or post, it all depends on your employer and what their policies are. i have seen people cancel mid year on some, but not others.
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