You can if you have job-based insurance and want to check out options in the Health Insurance Marketplace. But there are lots of things that are important understand first.
What to think of before you decrease or cancel insurance that is job-based
With most job-based medical health insurance plans, your boss pays element of your month-to-month premium. In the event that you enroll in a market plan instead, the boss won’t play a role in your premiums. Keep this in your mind in the event that you compare your job-based insurance coverage to Marketplace plans.
You almost certainly won’t qualify for market cost savings
You probably won’t qualify for a premium tax credit and other savings — even if your income would qualify you otherwise if you have an offer of job-based coverage and enroll in a Marketplace plan instead.