Canceling COBRA Insurance

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Canceling COBRA insurance requires you to go through a series of very specific steps. Learn about canceling COBRA insurance with help from the President of The Stratford Financial Group, Inc. in this free video clip.

Part of the Video Series: COBRA Insurance
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Video Transcript

Hello, I'm Jeffrey Ingalls, president of Stratford Financial Group and Stratford Employer services in Wayne, New Jersey. And right now we're going to talk about cancelling COBRA insurance. When it comes to COBRA it's always a good idea to refer to your qualifying event notice for instructions on what you need to do and when you need to do it as a COBRA participant. The COBRA notice should direct the potential COBRA participant whom to contact for additional assistance including whom to contact in the event you wish to cancel your COBRA insurance. It may direct you to the employer which may be the owner of the company, a human resources professional, or the benefits administrator. It also may direct you to the group insurance programs broker or consultant. And within their office they may have a dedicated COBRA professional for who you should contact to cancel your coverage. Lastly, it may direct you to a third party administrator or the insurance company if either of which is actually performing the COBRA administrative duties. The administrator will likely need your request in writing and may wait until the end of the grace period to administratively act upon your request to terminate coverage. I'm Jeffrey Ingalls, president of Stratford Financial Group and Stratford Employer services in Wayne, New Jersey. We can be found at www.stratfordlink.com and you just watched: Cancelling COBRA Insurance. Thank you.

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