Free-Look Period

A free-look period is the short window of time after purchasing a health or dental insurance policy during which you can review the plan and cancel it for a full refund if you are not satisfied. This consumer protection feature allows you to read the policy in detail and ensure it meets your needs before committing long-term.

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The period usually lasts 10 to 30 days, depending on the insurer. Cancellation within this timeframe results in a full premium refund, provided no claims have been made.

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Example:

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If you buy a plan on April 1 and the insurer offers a 20-day free-look period, you may cancel by April 21 for a full refund if no claims were submitted.

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What to Watch For:

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Mark your calendar when new coverage begins. If you cancel after the free-look period, standard cancellation policies and partial refunds apply.