What is the contestable period for health insurance policies sold in New Jersey?

In New Jersey, the contestable period for health insurance policies is indeed two years. This period is significant because it defines the time frame during which the insurance company can contest or deny a claim based on misstatements made by the insured in the application for coverage. If a policyholder dies or files a claim within this two-year timeframe, the insurer has the right to review the policyholder's application for inaccuracies or omissions. After this period, the insurer generally cannot contest claims on the basis of statements made in the application, making it crucial for policyholders to be truthful when applying for health insurance. Understanding this period is essential for both consumers and professionals in the insurance field, ensuring they are aware of the rights and responsibilities associated with health insurance policies in New Jersey.