Sample letter, A letter of cancellation of a policy. Usually, insurance company policies do not impose any restriction which prohibits the right of cancellation of the policy. The next step is to prepare a rough draft of the health insurance cancellation letter. I (Risabh Nagar) had purchased a health insurance policy (Policy Number- XXXXX) from your company in 2015. Any letter from an insurer that says your current health insurance plan will no longer be offered counts as a cancellation letter. The next step is to create a final letter from the rough draft. Sub: Letter to Cancel Health Insurance. Thomas Peters412 Purple CircleColumbia, MD, 08025. Insurance Cancellation Letter is written to the insurance company when an individual does not want to continue to pay premiums to the concerned insurance company. Let’s look at the format of this letter. Sample letter, Letter of cancellation of a bank account. Explain the letter in details providing all the important information. This is the final part of a health insurance cancellation letter. This action needs to … Individuals who wish to cancel an insurance policy will need to do so in writing. The two primary health insurance cancellation laws that may affect you are the penalty for going without coverage, and the laws governing Open Enrollment Periods for employer insurance. If you need assistance with the document, use this guide to printables. Move down a couple of lines and indicate the subject of the letter. Does this apply to my plan? The second letter is for personal records. Please refund any and all unused portion of my premium. These protections apply to all health plans, including grandfathered plans, whether you get coverage through your employer or buy it yourself. Example Letter to Cancel Insurance Claim. However, if your letter is to inform the recipient of your business relocation, you should provide the new business location and address. Canceling a health insurance policy can be done at any time. Cancellation letters are written in a clear and a concise manner. Include the word “Sincerely” or use “Best Regards” for the salutation. End the letter on a positive tone and request the reader to acknowledge receipt. When enrolling in insurance coverage outside of Open Enrollment due to a loss of coverage, supporting documentation is required. How To Appeal A Health Insurance Decision, How To Appeal An Insurance Claim Denial : Insurance Basics, How To Cancel An Auto Insurance Policy : Auto Insurance Basics, Writing a Strong Insurance Claim Letter for Car Accident, Writing a Simple Health Insurance Grievance Letter, Writing a Counter Offer Letter for Insurance Settlement, Writing a Letter for Change of Address [with Sample], Writing a Loan Request Letter to Employer [with Sample], Writing a Shift Change Request Letter [with Samples], Writing a Retirement Letter to Coworkers [with Samples]. If you wish to cancel an insurance policy you need to write a formal letter for cancelation of your insurance policy. You may want or need to end your Marketplace insurance plan if you get other health coverage, or for other reasons. If your employer is a small business, it has the freedom to cancel your health insurance. Free Membership Cancellation Letter Format with Example. This letter can either be sent by the insurance provider and an employer for informing an insurance policyholder regarding the termination of the insurance benefits, or by the insurance policyholder himself to inform the provider that he plans to terminate his insurance coverage due … The cash value of the policy should also be sent with any returned premium. Make two copies of the cancellation letter. Include the policy number in the subject section.