Carson City, NV -
August 17, 2018After the Department of Labor
issued the final rule on Association Health Plans in June, the Nevada Division
of Insurance has received the first fully-insured Association Health Plan (AHP)
filing for the Henderson, Boulder City and Latin Chambers of Commerce in
Nevada.
This AHP is designed for
interested Nevada small businesses and will become effective September 1, 2018.
“This is exciting news for Nevada,
because it provides additional insurance options for Nevadans which may fit
their personal needs and the needs of their families,” said Insurance
Commissioner Barbara Richardson. “Not only does it comply with Nevada’s health
insurance market requirements but it also creates a more competitive small
group market.”
The Division will post
information on any additional AHPs submitted to the Division on its website for
interested consumers to review. Consumers are encouraged to review these
filings because unless an AHP is on the website under “Small
Employer Options” at http://doi.nv.gov/Health_Insurance_Rates/Small_Employer_Options/,
it may not be an authorized product reviewed by the Division. The products
marketed by a health insurance carrier through an AHP are subject to all state
and federal requirements applicable to large employer health plans.
About the Nevada Division of Insurance
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 2017, the Division investigated more than 3,200 consumer
complaints and recovered over $5 million on behalf of consumers. For more
information about the Division of Insurance, visit DOI.NV.GOV.
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