What happens if I want to quit a Marketplace health plan during the year?

It is important that you contact both the Marketplace and the health plan and let them know you no longer need coverage. Click here for details on how to terminate Marketplace coverage if you live in a HealthCare.gov state. State-based Marketplaces may have their own process for terminating coverage. Check with your state-based Marketplace for more information if you live in one of these states.

Do not simply stop paying the premium for your Marketplace health plan as a way to terminate coverage. Nonpayment will eventually cause your coverage to end, but your insurer might still try to collect from you if they think you just got behind on your premium payments. In addition, if the government continues to pay premium tax credits on your behalf to your insurer for another month after you intended for your Marketplace plan coverage to end, you might end up having to repay some or all of that amount to the IRS.