Medical insurance is the logical answer to your family’s healthcare needs. In the event of medical mishaps, suitable health coverage can save you from unanticipated medical bills. Shopping for a policy is tedious and needs evaluation of family’s medical needs and finances. If you are a New Jersey resident, you can choose from wide range of coverage alternatives. The New Jersey Department of Banking and Insurance regulates the laws under which the New Jersey health insurers can sell private health plans to individuals and families.

To purchase individual medical insurance in New Jersey you must have resided in the state for a period of 6 months or have recently moved to the state with the intent of staying 6 months or longer. Medical underwriting is not permitted for individual health plans in New Jersey. This restricts the insurance companies from declining to provide health coverage to a person based on their past or current health status. New Jersey insurance carriers are required to offer five standardized individual health products that must include a basic health plan. The insurance carrier is allowed a 6 month look back period and a 12 month exclusionary period for pre-existing health conditions. The maximum exclusionary period is 12 months and elimination riders are not permitted. Premium rates are community based and may vary depending upon the age, gender and location of applicant. You are not eligible to buy individual medical insurance in New Jersey if you have access to group health insurance.