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Cancelling health insurance policy early


Can I cancel my health insurance early?

If you paid your health insurance premium in one lump-sum payment and want to cancel your policy early, ask your insurer if they can reimburse you for the unused premiums paid toward the remaining months.

Can I cancel my insurance policy after the cooling-off period?

If you want to cancel your policy after the cooling-off period you should check your insurance policy. Most insurers will give you a refund if you have not made any claims during the policy year but you will usually have to pay administration fees.

What are the results of a health insurance policy cancellation?

The results of the cancellation are that the policy is canceled, the insurer does not have to pay for the care that was rendered, and the premiums paid on the policy are returned to the policyholder, minus a reasonable cost associated with the period of time during which the policy was in force.



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