Can you cancel your health insurance any time?

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You'll need to check your Plan documents. It depends if your premiums are part of a Section 125 Cafeteria Plan (aka, premium deductions are taken from your paycheck PRE-Tax). Most plans require a "Qualified Event" to make changes outside of the Open Enrollment period. If there is a qualified event you generally have 30 days to notify your employer of the changes.
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Can you drop your employer-sponsored health insurance at any time?

Answer . You can always drop due to a qualifying event. If you did not have a qualifying event, check your Section 125 Plan (AKA Cafeteria Plan). This document dictates

Can existing insurance policies be cancelled at any time if an insurer learns of new health problems?

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How can I cancel my federal health insurance?

If you are an active employee you would need to contact your personell office, and if retired, contact the office that handles retirement benefits. It should only require that