Clients are often concerned that they will get “locked into” a long-term commitment when they purchase individual health insurance. The truth is that you may cancel your plan whenever you choose, and most companies will reimburse you for any time you have paid for, but not used.
However, your insurance company is required to continue to offer you coverage as long as you continue to pay the premium and have told the truth, to “the best of your knowledge and belief” on the application. Once your health insurance policy is in place, you cannot be singled out for premium increase or termination no matter how many claims you make. You must be treated like everyone else in you age group and Zip Code.
If you would care to know more about this, please give me a call at 303-541-9533.