Can I Drop My Group Health Insurance At Any Time? 
You may be able to drop your group insurance , depending on your employer , and the provisions of the policy . However , often , you are required to keep coverage until the next Open Enrollment , which is typically towards the end of the year . It is possible that your plan may offer exceptions that allow you to terminate coverage . You can check with the HR Department of your employer , and they will be happy to review your benefits and contract , and make a determination regarding canceling the policy . An IRS Section 125 plan is often utilized by employers , which may involve tax-favored dollars used to pay premiums . In these situations , as earlier mentioned , early cancellation of the policy may be a bigger challenge . Keep in mind that if you end benefits , you may not be eligible to obtain a subsidized Marketplace plan since you voluntarily ended your health insurance coverage . This question was answered by Ed Harris , one of the nation 's premier health insurance gurus with more than 34 years of experience . 