Common use of Voluntary Termination of Coverage Clause in Contracts

Voluntary Termination of Coverage. a. A Contractholder may voluntarily end coverage at any time by submitting a written request for termination to AvMed. The termination request must be received by us at least 14 days in advance of your requested termination date, and must include the name and Member identification number of each Member whose coverage is to be terminated. If you enrolled through the Marketplace, your termination request will be processed and Premiums will be pro- rated accordingly. If you enrolled outside the Marketplace, termination will be effective on the last day of the month in which your request is received. A voluntary termination request cannot be applied retroactively. b. Coverage will remain in effect between the date we receive your request and the date coverage ends. You are responsible for paying the Premium due for any period of time we provide coverage until the date coverage terminates, or for any amounts you may otherwise owe us. c. If you terminate coverage you will not be able to enroll in a new plan until the next annual OEP, unless you qualify for an SEP. Non-payment of Premium does not constitute voluntary termination.