Cancel Health Plan

Can I Cancel My Personal Health Insurance Plan?

Yes, absolutely. You can cancel your plan at anytime. Generally, 30 days notice is required but depending on the insurance carrier your coverage is with and the date your next premium is due it could be shorter than this.

Are There Any Penalties If I Cancel My Plan?

When you provide the notice required, there are no financial penalties, however; some insurance carriers will not let you apply for another health and dental plan with them for at least 2 years (24 months).

Pro Tip!

It is highly recommended to give the insurance company the reason you are cancelling so that they can keep it on file. If you are cancelling because your situation has changed, and you are now covered under an employee sponsored group benefits plan it is VERY important to indicate this. In this situation you can apply for another plan anytime without being restricted to a 2 year wait period.

How Do I Cancel?

If you want to cancel your health and dental benefits plan you should reach out to your Advisor for help. The request to cancel must come from you, the client. Your Advisor can assist and facilitate the process.

In general, here are the requirements:

A signed letter from you (via scan or image file) that includes:

  1. Current date
  2. Your name
  3. Your policy number
  4. The request to cancel
  5. Termination date requested
  6. The reason for cancelling (not mandatory but recommended)
  7. Your signature

You can just hand write this up, sign it and take a picture to send back to your advisor who will work with the insurance carrier to facilitate the cancellation.

If you have any questions about this process, please don’t hesitate to reach out to our team of licensed insurance advisors. You can email us at or you can give us a call at 1-866-369-4474!

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