Q: I have a group health insurance policy with TieCare International that I wish to cancel but they say I cant
I recently renewed my group health insurance policy with TieCare International but now I wish to cancel but they say I cant because I have a binding contract. The insured period hasnt started yet and they owe me 5k$ from the previous year
Insurance contracts are typically binding once they are entered into, even if the insured period hasn't started yet. However, you may have the right to cancel the policy under certain circumstances, such as within a specified "free look" period after issuance. I recommend reviewing the terms of the policy and consulting with an attorney to explore your options, especially considering the owed amount from the previous year.
James L. Arrasmith
Founder and Chief Legal Counsel of The Law Offices of James L. Arrasmith
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