What is the minimum duration of time after which a health insurance policy cannot be contested?

The correct answer indicates that a health insurance policy in Maryland cannot be contested after a minimum duration of 2 years. This time frame is significant because it establishes a limit for insurers to challenge a policy based on misrepresentation or fraud. After this two-year period, policyholders gain a level of protection, ensuring that they can rely on the coverage provided without fear of being denied benefits for prior statements made during the application process.

This provision is designed to promote stability and assurance for policyholders. Insurers are expected to perform due diligence in assessing the risk at the application stage, and by limiting the contestability period, the law strikes a balance between allowing insurers to manage risk and protecting consumers from indefinite scrutiny over their policy's validity.