im sure this is a common sense question, but i have no clue! my husband just got dental and medical insurance through his job, he is about to apply somewhere else and if he gets the job hes putting his 2 weeks in. so can we simply cancel his insurance? we cannot afford it on our own, so surly we can! do you just call and cancel or what? OR i guess, will it automatically terminate once he quits?
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When your husband quits, the policy will cancel automatically. If however, you decide you want to actually keep the coverage (IE: the new job doesn't offer benefits), you have up to 30 days to convert your old jobs benefits to an individual policy. And to correct the previous answer. YES, in some cases you can cancel it prior to quitting. MOST emploters require 100% participation (meaning all employees have to take it), but some do not. I have a side job where benefits are offered, but are not required by all employees, so I am personal proof that you can infact cancel employee benefits even while still working at a place.
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