How Do I Cancel My COBRA Coverage?
I have recently quit my current job and have received my COBRA election paperwork. Since I have a pre-existing condition I need to continue my insurance through my previous employer until I pass my 60 days with my new employer. My question is after my 60 days when I am then able to receive insurance from my new employer can I then cancel my COBRA or must I continue to make payments for the next 18 months?
How To Cancel COBRA Coverage
To cancel your COBRA plan you will need to notify your previous employer or the plan administrator in writing, requesting to terminate the insurance.
After you stop your COBRA insurance, your former employer should send you a letter affirming termination of that health insurance. You should then receive a certificate of credible coverage for the length of time you were on the plan.
When Can I Cancel COBRA?
You may cancel COBRA health insurance at any time.
Will You Have Health Insurance?
Your COBRA workplace health insurance is a qualified major medical insurance plan and certified by the Affordable Care Act. If you voluntarily stop your coverage, you will only be able to get the same coverage from another employer or during federal open enrollment.
Is It Too Expensive?
When you keep the same employer health insurance, you pay the entire premium. Many people find plan continuation too costly to keep and will want to look for an alternative to COBRA to remain covered.
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We are private insurance company that publishes information on the COBRA law. Additionally, we provide alternative temporary insurance options if continuation is unavailable or too expensive.
Reasons To Cancel COBRA
- Started a new job and enrolled in employer’s group health plan.
- Purchased marketplace health insurance.
- Enrolled in a spouse’s work health plan.
- Can no longer afford the cost of COBRA.
- Found more affordable temporary insurance between jobs.
Do You Need A Termination Letter?
Contact the insurance plan administrator if you need your notice of COBRA termination to verify the coverage has stopped.
COBRA Cancellation Assistance
If you need help with understanding the next steps after cancelling your COBRA, you may call customer service for a consult. Depending on your current health situation will determine what’s best for you.
COBRA Third-Party Administration
Your COBRA plan may be managed by a third-party administrator. Many employers work with the following:
- ADP COBRA
- BASIC COBRA
- BenefitConnect EHR
- Burnham & Flower
- BRI COBRA (Benefits Resource)
- COBRAPoint Benaissance
- Employee Benefits Corp (EBC)
- Lifetime Benefit Solutions
- Navia Benefit Solutions
- Total Administrative Service Corporation (TASC)
- Paychex
- Payflex
- Paycom COBRA
- PlanSource
- WageWorks / Conexis
- WEX (formerly Discovery Benefits)
If you are unsure who your plan administrator is, reach out to the human resources department of the company that provided the health insurance you had.
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with coverage starting tomorrow!
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877-262-7241
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Temporary health insurance is a popular, affordable solution to cover gaps in coverage while you are between Major Medical plans.
*Eligibility for short term medical insurance is based on age and state availability.
