Can I cancel private health insurance? Consequences? Will I have to payback for surgery, MRI'S, etc.? California?

  • by caliman2010
  • Dec 04,2017
  • 10 answers

I live in California and I bought private health insurance that starts Jan.1, 2018. I will get no subsidies. I want to drop the insurance sometime in April (2018) next year.
Questions
1. Can I drop (cancel) my private health insurance sometime in April 2018? explain
2. Lets say I get MRI's and lab tests done in Jan. 2018. I get surgery in Feb. 2018. I drop my private health insurance sometime in April 2018. Lets say the insurance paid my MRI's and lab tests in Jan. 2018 and my private insurance paid my for my surgery sometime in March 2018. Lets say I drop my insurance sometime in April 2018. Would I have to pay the insurance company back for what they paid for my MRI'S, lab tests, and surgery?
3. What are the consequences for me canceling/dropping my health insurance sometime in April (2018)? What would likely happen?
4. What happens if I don't send my private health insurance (my monthly premium) check for May (2018)? What would the consequences be for this?
4b. Would this hurt my credit score? Will this be on my credit report? Will I be took to collections? Can the private insurance company get the months premiums (from May to December) even though I did not send them checks for those months (May to Dec.)? What would likely happen?


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Insurance Answers (10)

mbrcatz last month

No, you don't have to pay anything back. What you are doing, is EXACTLY the reason why health insurance costs are skyrocketing, and EXACTLY the reason why Obamacare is a failure.
You can drop it effective the 1st of any month, by not paying the premium.
There's NO WAY you're going to get an MRI scheduled for January. You'll probably be waiting at least three months for that initial doctor visit, another two months for the MRI & lab testing, and maybe two more months for the surgery. Keep in mind, you'll have a DEDUCTIBLE that you'll have to pay for the providers, before the insurance pays at all - and likely a hefty coinsurance as well.
Not paying premiums won't hurt your credit score. Not paying the medical bills, will.

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alyssa last month

No

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Mary last month

no

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H. Marie last month

you have paid insurance for Jan thru April according to your post, if you had tests and surgery done during that period the insurance company will pay as they are obligated to pay
if your contract with them was for the term of a year and you defaulted on the contract by cancelling in April this like any defaulted contract and subject to suit

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babyboomer1001 last month

Call your insurance agent and ask. Sometimes, you have to continue with the policy for an entire year in order to qualify for some of the benefits and if you cancel, you will certainly be sued.

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StephenWeinstein last month

3. For any medical care you needed from May to December, you would have to pay with your own money, with no help from anyone.
4. The private insurance company MUST get the premiums from May to whenever they cancel your insurance. It probably won't be until December. But they can't let you have insurance for free, not even for one week.

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lina last month

hm

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A Hunch last month

Nothing will happen to you personally.
You will just help the cost increase for the ones of us who want to protect ourselves with continuous coverage.
People like you are way an 12-18 month insurance waiting period for existing conditions is NEEDED.

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amy lynn last month

1. Most insurance plans, including private plans, can only be canceled or changed during the "open enrollment" time frame for the policy. Any other changes to the policy would need a qualifying event before a change is allowed including canceling the policy.
2. Any test that was done during the active time of the policy would be covered according to the policy co-pays and deductibles. As long as the cancellation date of the policy is not the same date as services,
3. If you can cancel the insurance, you might have difficulty getting other insurance. You wouldn't have coverage for the rest of the year. If the fines for not having insurance don't get canceled or changed, you would have to pay a fine at tax time on any months you didn't have insurance.
4. If you fail to pay the premiums, the insurance cancels the policy. It is another way to get out of a policy.
4B. I am honestly not sure if medical insurance could collect for the rest of the year or do anything to your credit score. Since it is a service you pay for, it shouldn't impact your credit score. It is not a loan or line of credit. It is a service. No payments, no future service. As long as you have not tried to make any medical claims in the month that you stop making payments, there should be nothing to send to collections. As long as you have not signed any kind of contract, you should be paying month by month and stopping payments should just cancel the policy.

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Insurance Pickle.com last month

You can look up the answers when you asked this a week ago. Just saying...the answer won't change.

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