Currently, I am on my mother's health insurance plan (BCBS-KS) because it was a better plan than my husband's. My current term doesn't expire until October but my husband has switched jobs and is offered the same BCBS-KS coverage that my mother has but at a lower cost. I need to know if it's possible to cancel my benefits on my mother's plan before our annual term is up. If I am able to, will I incur some sort of penalty?
My mom thinks that I am either 1) unable to cancel the remaining few months of coverage or 2) that I can cancel but I will have to pay the remaining months.
I clearly have no idea. : ) Thank you!