Early cancellation of COBRA Insurance

Prior to COBRA Insurance cancel day, you may choose to voluntarily end your coverage for any reason. To achieve this, there are three options:

1. Close your online account’s insurance. See How to Terminate Coverage in your COBRA Online Account for instructions.
2. Fill out the COBRA Benefits Cancellation Form and send it in.
3. In the event that you decide you no longer desire coverage, do not submit the premium payment.

If you want to cancel COBRA Insurance before the end of the COBRA term you must inform Benefits Administration in writing of your intention to do so along with the date you would like to do so. For the cancel date of the following month, this request must be in writing and postmarked by the final day of the current month.

For instance, in order to cancel COBRA on November 1st, your request needs to be in writing and sent by post no later than October 31st. The State does not prorate COBRA premiums and does not let individuals to cancel coverage that has already begun.

You cannot ask for COBRA to be renewed after canceling it.

How to cancel COBRA Insurance online?

You must send a written request for the cancellation of insurance coverage to the plan administrator or your former employer in order to discontinue your COBRA plan. Furthermore you have paid the fees to the plan administrator. Your former employer should provide you with a letter confirming the cancellation of your COBRA health insurance after you cease paying for it. After that you should get a proof of verifiable coverage for the duration of your plan enrollment.

You can submit a request to cancel COBRA Insurance at this address:

Tennessee Department of Finance and Administration

Benefits Administration

19^th Floor, WRS Tennessee Tower

312 Rosa L. Parks Avenue

Nashville, TN  37243

Under certain conditions such as a voluntary or involuntary job loss the Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees and their families who lose their health benefits to choose to continue receiving group health benefits from their group health plan for a specified period of time.

How to cancel COBRA Insurance after divorce?

A spouse cannot be terminated from a health insurance policy while the divorce is still proceeding according to federal law. All group health insurance including Medicaid, employer-sponsored plans, and individual plans purchased through state exchanges are covered by this guarantee.

If your spouse has employment with a company that is impacted by COBRA and you are going through a divorce you qualify as a “qualified beneficiary.” Within sixty days following the date of the final divorce decree your spouse is responsible for informing the plan administrator of your divorce. The firm has fourteen days from the date of your notification to the plan administrator to deliver you information outlining your COBRA rights. After that, you will have sixty days to figure out if you wish to be covered by COBRA.

After your selection of COBRA your employer will no longer cover your premiums. The premiums you pay or your ex-spouse pays may influence your choice of additional coverage beyond the essential or core coverage. You will be required to pay the same group rate as an employee as the company determines it. However the corporation may add an administrative cost premium to your order up to a maximum of two percent. If you would like the employer must also let you pay the premium in monthly installments.

Canceling COBRA due to new job

Even if you have health insurance via your new job, you can continue to be covered by COBRA.
Your personal situation will determine whether you want to continue with COBRA or enroll in the new employer’s plan after weighing benefits and expenses. The cancellation of COBRA upon acquiring new job-based insurance is not required by federal law.

COBRA cancellation due to Medicare eligibility

If you are eligible for Medicare, your COBRA coverage may end. You have reached the maximum amount of coverage. Your COBRA payments are not paid on time.

What does Medicare mean?

Under certain conditions, such as a voluntary or involuntary job loss, the Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees and their families who lose their health benefits to choose to continue receiving group health benefits from their group health plan for a limited amount of time.

COBRA Insurance cancellation form PDF

To cancel one or more benefits, use the COBRA Benefits Termination Form. To view or print a form, you have to install PDF reader software. The Adobe website offers a free download of Adobe Acrobat Reader.

Why is COBRA insurance right for you?

COBRA offers benefits and drawbacks according to your circumstances. It offers you the same coverage that your employer did. This implies that even if you quit your employment you can continue to have your health insurance. Do you worry about losing your job for an extended length of time? If so you can keep seeing your current doctors and benefit from the same health plan benefits if you are covered by COBRA. However COBRA can end up costing you significantly more and is only offered for a short while. Comparing options including individual health insurance policies provide benefits.

Which is preferable, individual health insurance or COBRA?

COBRA can be substituted with the purchase of an individual health plan. An individual plan is one that you purchase through the state or federal Health Insurance Marketplace, from an insurance company, broker, or other source. If you lose your employment and any related health coverage, you may be eligible for special enrollment under the Affordable Care Act (ACA). This implies that even when open enrollment is not happening you can still browse and buy an individual health plan.

Individual health plans may be less expensive than COBRA plans if you qualify for subsidies, depending on your predicted income. Examine plan specifications, costs, and other aspects to determine whether this is a more advantageous option than COBRA insurance. Navigate to https://www.healthcare.gov/ for information on finding a personal health plan.

What Is the phone number for COBRA?

How long does COBRA last?

Even though COBRA is only available temporarily, you are usually able to utilize it for a period of 18 to 36 months. There is freedom to look for alternative health insurance solutions during this coverage period.

Can you cancel COBRA at any time?

When the final coverage period for which timely premium payments were made and received, your COBRA coverage will automatically cancel. For instance, a qualified beneficiary who paid for COBRA through November 30th would like to discontinue her coverage effective December 1st.

Can my employer cancel my health Insurance without notice in California?

Employees must get written notice from their employer at least 15 days before the cancellation of insurance if the employer offers medical benefits and decides to cancel providing those benefits.

Can I get my money back from COBRA?

In case you have overpaid for COBRA, the excess amount will usually be applied to your future payment responsibilities and refunded to you after your COBRA insurance period ends or if you request early cancellation of your COBRA account.