Many times, you may choose an insurance policy and then want to switch to a different policy. Earlier, switching this way was not allowed. Now, as switching becomes more prevalent, health insurance providers allow you to change companies without losing the waiting period. To make this process easier, certain policy providers also have a free-look period of about 15 days. During this time, you are covered by the policy and can decide whether it fits your needs. If it does not, you can leave the policy for a different company without losing your money.