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There are lots of reasons that dropping your health plan at any time is unwise. But to answer your question: You can go for up to three months without health insurance, and still not have to pay the penalty/ tax. You drop your health plan by stopping your monthly payments for it. If you are covered by an employer plan, you would notify your employer. The employer will have forms for you to sign, and may ask you to verify that you have health insurance from another source.
When you stop paying for your plan -- either at work or at home -- your coverage will also stop. You pay for health insurance in advance for the following month. So, if you don't pay the bill that is due at the end of January, you won't have coverage in February.
Keep in mind that you cannot pick up coverage whenever you want to. If you drop out, you cannot re-enter until the next open enrollment. Whatever medical bills you have while you are uninsured are your responsibility. There is no such thing as back dating your health insurance to cover your hospital bills that you had last month.
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Can you drop your health insurance coverage at anytime from your employer?
Can you drop your health insurance coverage at anytime from your employer?Read more: Can_you_drop_your_health_insurance_coverage_at_anytime_from_your_employer
Can you drop you health insurance coverage at anytime from your employer?
Can you drop your health insurance coverage at anytime from your employer?Read more: Can_you_drop_your_health_insurance_coverage_at_anytime_from_your_employer
Can a medical insurance company drop you because of one non payment?
It would depend on the insurance company. Most insurance companies will reinstate your coverage once you are caught up on your premium payments. You would then just have a lapse in coverage for the month you missed.
Can an employer force an employee to drop group health insurance coverage because the employee is eligible for coverage through his spouse's plan?
No. The employer cannot force you not to take the coverage. However, if you don't want you may have to sign a waiver.
Can your employer's health insurance require your husband to take his employer's health insurance if his is not free and not as good as yours?
My employer requires that my husband participate in his company's health insurance or they will drop him from their insurance. Insurance is a choice offered as a benefit by the employer because the employer is paying a portion of the cost to be insured. You do not have to participate if you don't want to. Also, the question being answered is that can an employer force an employee's spouse to take coverage offered elsewhere: NO. If a company offers a family health plan, they CANNOT specify that a spouse take other insurance if available. They CAN require that if you are declining coverage from them (your own employer), that you show you have coverage elsewhere.
Can an employee drop their health insurance coverage when it isn't their open enrollment to join their spouses coverage at their spouses open enrollment?
You can but it is unwise because you need to know when you would be covered by the spouse's health plan. Some plans have 3 and 6 monthj waiting periods. So it is wise to keep your insurance, sign up on the spouse's insurance then later on after you have your new coverage in effect you could drop your employer's plan. Some employers however "require" their employees to be covered or are paying for the coverage. Check with your employer about that. Some employers will also refuse to cover you again if you lose your husband's coverage. If the marriage is not is good shape it is a foolish to drop your own coverage in case there is a divorce. Sorry to mention it but is true.
How can an employee drop the health insurance provided by the employer?
Under most circumstances you can drop coverage at open enrollment. You can check with your benefits administrator to see if there are any qualifying events that may allow you to drop earlier. Also, in some circumstances you can not drop coverage even if you want to. Here in CA if the employer's health insurance contract calls for the employer to pay 100% of the employees premium the employee can not decline coverage. Very often you will see a contract written at 99% even though the employer actually pays all of it just for that reason.
Can an employer stop paying employees medical premiums to cut costs?
The simple answer is yes, but it is more complicated than that. There is no current law that requires employers to provide health insurance coverage for their employees, so the employer could drop coverage at any time. (When the new Affordable Care Act becomes fully functional, everybody will have to buy insurance and employers who don't provide it will be fined....but many will still drop their employees and pay the fine because the fine will still be cheaper than paying high rates for coverage). But for now.....employers can drop coverage, but must still provide coverage for the month in which they drop the coverage if they try to cancel mid-month. This is because the premiums would have already been paid for that month and you should still get that coverage until that month's premiums have been used up. But the next month, they don't have to pay the premiums and your coverage would end. That being said, you might still be eligible to 'continue' that coverage under the group plan so long as you are willing to pay the full premium, which you might not be able to afford. You'll have to check with the insurer about the availability of 'conversion policies' that allow you to convert from a group plan to a non-group plan.
How can you reduce the cost of your insurance?
Choose a higher deductible and drop comprehensive coverage
Can an health insurance company drop an individual health policy and or group health policy?
NO
What should you do if you were not completely honest on your health insurance disclosure form?
The smart thing to do would be to amend your disclosures, as lying on the form can cause your insurance company to drop your coverage and/or refuse to pay for medical procedures. Or--just try not to get sick.
How long do I need full insurance coverage on a financed vehicle?
In California, anyway, you need full insurance coverage on a car the whole time it is financed. After its paid off, you can drop a bunch of the coverage and just carry liability.
