QUESTION

I have COBRA and am finding it difficult to afford, but open enrollment is over. Can I drop my COBRA and apply for individual coverage outside of open enrollment?

Individuals with coverage | Coverage for Employees of a Large Employer
ANSWER

No, voluntarily dropping your COBRA coverage or ceasing to pay your COBRA premiums will not trigger a special enrollment opportunity. You will have to wait until you exhaust your COBRA coverage or until the next open enrollment (whichever comes first) to sign up for other non-group coverage. (45 C.F.R. § 155.420).  

Individuals with no coverage
Individuals with coverage
Coverage for small employers
Post enrollment issues