There are many reasons that may make you cancel your insurance policy. It's always good to weigh your options beforehand to ensure that you are making a decision you can live with in the long-term. A change in your current situation like getting married, losing health coverage or having a baby makes you eligible for special enrollment period. Missing the enrollment deadline means you won't be able to make any changes until the next enrollment period.
Missing the open enrollment deadline means that you can enroll in other benefits come the next enrollment period. Canceling your current insurance policy with Humana requires following the set guidelines.
You can change plans after enrolling and only if you qualify for the special enrollment period. In this case, you have up to 60 days from that event to change your current plan and report that change ASAP.
Can I Suspend My Insurance Policy with Humana?
Yes. You are at liberty to suspend or freeze the insurance policy with Humana under certain situations. You can't stop paying the premiums anytime you want. First, you have to apply to Humana and meet the set conditions like being fully up-to-date with your premium payments.
As much as you are free to cancel your insurance policy at any time upon meeting the guidelines or conditions, start by choosing a new plan outside the open enrollment period unless you are sure to meet the qualifying reasons stated earlier i.e. Newly married, new baby or loss of coverage.
How Do I Cancel My Insurance Policy with Humana?
Humana has many inexpensive insurance plans and options. Plus, it has several wellness programs that encourage you to enjoy a lifetime of health. The company is considered one of the best insurance providers in the healthcare sector.
A person can cancel insurance policy coverage with Humana at any time if there are no premium contributions or due to loss of coverage. This can be seen if there are no deductions of the premiums pre-tax. Besides, you can do it if you are de facto enrolled in the section 125 plan which means you can't change that election until there is an open enrollment period or a qualifying life event.
1. Log in to your Humana marketplace account
2. Choose current application
3. Click on "report a life change" from the menu
4. Click on the insurance policy to cancel
5. Click cancel tab
6. Click OK
Alternatively, you can contact Humana customer support directly and inform them that you wish to cancel your insurance policy. The customer support will ask you some questions in a bid to establish your reasons before advising you on the steps to take. Contacting Humana directly enables you to ask your pressing questions and get the appropriate response. Some people prefer dealing with the customer support agents as they believe the advice they receive.
However, online resources on Humana are equally resourceful. You can go to the homepage and learn everything you need to know about the various plans and insurance policies that you can benefit from with your family. Some plans allow you to do the cancellation online while other requires a written notice.
You can tell the company your preferred cancellation procedure whether a fax or mail or a signed written letter requesting to cancel the plan. Make your intentions clear. You can cancel your insurance policy before the effective date by calling customer support. The customer support guides you on the cancellation process.
After thousands of Humana customers came to GetHuman in search of an answer to this problem (and many others), we decided it was time to publish instructions. So we put together How Do I Cancel My Insurance Policy with Humana? to try to help. It takes time to get through these steps according to other users, including time spent working through each step and contacting Humana if necessary. Best of luck and please let us know if you successfully resolve your issue with guidance from this page.
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