When should I cancel my Insurance ?

Question

I am starting a new fulltime job in a week and I am staying at my old job but ill be bumped back down to parttime, so i have to cancel my insurance which is no problem. My question is when should I or will it be automatically done when my boss puts me in as parttime.

Answer 1

most companys don't offer benefits to part time workers.  check with your benefit rep.  if they don't, your insuance will cancel effective the date you go part time.  you should receive COBRA paperwork that will let you pay for coverage for 18 months.  if you are starting a new job, take their insurance and you won't have to worry about COBRA.

Answer 2

Just consult with your insurance agent.

Richard

http://www.searchautoinsurance.net

Answer 3

Don't cancel anything.  You may cancel prematurely and cheat yourself out of days or weeks of being covered.  

Once you get your Cobra paperwork, it will tell you when you are covered to or when the coverage ended.  You will be given the option to pay a ridiculous amount of money to continue coverage.  You can opt not to pay and continue coverage at that time.

Answer 4

Why don't you ask your employer?