Carson City, NV - June 30, 2017
The Nevada Division of Insurance
posted a summary of proposed
rate changes for Plan Year 2018 on the Division’s website.
These proposed rate changes are for plans sold on the Nevada’s health insurance
Exchange in the individual market.
“Posting these rate changes on
the website allows the Division to be transparent with Nevada’s consumers so
that they have an opportunity to review these requests from insurance carriers,”
said Insurance Commissioner Barbara Richardson. “This is also an opportunity
for consumers to submit their comments to the Division during this rate review
Based on the rate submissions the
Division has received for 2018 plans, there will be four insurance companies
offering plans on the Exchange with a total of 24 individual health plans to
choose from between Clark, Washoe and Nye counties. The average proposed rate
change for the individual market on Exchange is an increase of 38%.
“The proposed rate increases on
the rate submissions filed with the Division reflect the uncertainty of the
health care market. The Division will diligently review the proposed rates
before they are approved,” Commissioner Richardson added.
The deadline for insurance
carriers offering plans off-Exchange is July 17; the Division will be posting
this proposed rate information on its website by July 25.
Additional information on
proposed rate changes can be accessed by visiting the Division's website at http://doi.nv.gov/rate-filings.
About the Nevada Division of
The State of Nevada Division of
Insurance, a Division of the Nevada Department of Business and Industry,
protects the rights of Nevada consumers and regulates Nevada’s $14 billion
insurance industry. The Division of Insurance has offices in Carson City and
Las Vegas. In 2016, the Division investigated more than 3,200 consumer
complaints and recovered nearly $5 million on behalf of consumers. For more
information about the Division of Insurance, visit DOI.NV.GOV or download the
Division’s smartphone app NDOI Connect today in the Apple App Store and Google