Switching family from group coverage after company changed reimbursement.
My company just notified me that they will no longer be paying for my family premium under the company health insurance plan, effective April 1, 2010. My open enrollemnt was 1-1-10 and i put family on this plan with understanding that the company would pay the cost (appro $10,800 year. Now that they are not, can i keep my individual plan with the company and cancel the family portion so that i can buy a cheaper plan on the individual market?