Voluntarily Quitting Health Coverage Is Not A Qualifying Event
Stopping health coverage for not paying insurance premiums are not considered loss of coverage. Losing coverage that is not minimum essential coverage is also not considered loss of coverage.
If you were to quit your job or get fired, you can keep your employer’s health plan by using your COBRA rights. If you do not make your premium payments and lose that coverage, you will not be able to enroll in major medical health insurance until the federal open enrollment or through your next employer.