Can I Drop My Group Health Insurance At Any Time? 
If you are contributing towards the cost of your health insurance through your employer -LRB- and most people are these days -RRB- and if those dollars are being taken out of your paycheck on a pre-tax basis that is an indication that your employer has an IRS Section 125 plan in place -LRB- which is extremely common -RRB- . There are tax advantages to both the employee and the employer for using a Section 125 plan as it saves both of you money . However , one of the catches is that you are essentially locked into your plan selection until the next open enrollment period at your employer . So , this generally prevents an employee from changing their coverage status outside of the annual open enrollment period . There are exceptions allowed for what are referred to as change of life status events such as getting married , divorced , having a child or loss of other insurance coverage . If your employer does not have a Section 125 plan in place and is not paying 100 % of the premium cost for their group health insurance then you would not be prohibited from dropping your coverage . 