Can A Health Insurance Company Cancel My Policy?

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   Marlin McKelvy

   President, Consumer Directed Benefit Solutions, Memphis, Tennessee

   Generally the answer will be "No" as long as you make your premium payments on time. In the era of health care reform the health insurance company is more restricted than ever before in how they both can issue and terminate policies with their customers. Essentially, you would have to be found guilty of fraud or misrepresentation in your application to reach the level where the insurance carrier could terminate a person for reasons other than non-payment of premium. Another, more benign situation, where a given insurance carrier may have to initiate policy termination is when the policyholder moves outside of the geographic area served by that carrier's health plan. In this event the policyholder would have a change of life status event allowing them to enroll in another health insurance plan in their new location.

   Answered on August 29, 2014

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