Carson City, NV - October 01, 2019
The Division of
Insurance (‘Division”) has posted the approved 2020 health insurance rates for
all plans in the Individual Health Insurance Market at healthrates.doi.nv.govand encourages consumers to review this information before
the Open Enrollment Period begins.
consumers have the option of buying health insurance from a total of seven
insurance companies offering as many as 60 plans on and off the Exchange in the
individual health insurance market in Nevada. The approved average rate
increase in the individual market, both on and off the Exchange is 1.7%
There are three
insurance companies offering plans on the Silver State Health Insurance
Exchange (“Exchange”): Health Plan of Nevada, SilverSummit Health Plan Inc.,
HMO Colorado Inc. dba HMO Nevada, offering up to 27 plans. The average approved
rate increase on the Exchange is 1.6%
“Every year the
Division publishes this information in advance so that consumers have an
opportunity to preview plans and their rates, said Insurance Commissioner
Barbara Richardson. “This is a good time to begin comparing available plans and
to visit the new State Exchange website to be better prepared for Open
Off the Exchange,
there are four insurance companies: Health Plan of Nevada, Sierra Health &
Life, Hometown Health Plan (HMO company), and Hometown Health Providers (PPO
company) offering as many as 33 plans. The average approved rate increase for
off-Exchange is 1.9%.
There are several
ways consumers can view what their options are before Open Enrollment begins
November 1, 2019. For on Exchange plans, the Silver State Health Insurance
Exchange, the state agency that connects eligible Nevada residents to qualified
health plans through the online marketplace, Nevada Health Link, is excited to
announce that Nevada is now a fully operational State Based Exchange (SBE).
Nevadans seeking coverage on the Exchange will enroll at NevadaHealthLink.com and not the
Federal Health Insurance Marketplace, HealthCare.gov. Consumers who plan on
shopping or re-enrolling on Nevada Health Link are encouraged to start their
research and planning process early. Window shopping on the new SBE platform
will be available starting Oct. 3rd. Nevada Health Link always encourages consumers
to use the free assistance of a licensed enrollment professional or call
consumers shopping off-exchange can view approved rates and plan information by
visiting the Division’s website at www.doi.nv.gov, clicking on
“Health Insurance Rates” from the main navigation menu, from the “Health
Insurance Rate Review” page, click on “Search for Health Insurance Rates.”
displayed by age and county and are for non-smokers. The search results are
displayed and then sortable by plan name, carrier name, metal tier, and whether
the product is offered on or off the Exchange. This allows the search to be
limited for quicker focused results.
Because every year
there is different market information, consumers are also encouraged to visit
the Division’s NV Insurance 101 website at http://insurance101.nv.gov/ to learn more
about what health insurance options are available for open enrollment, how to
shop for health insurance, and other important topics.
begins November 1, 2019 and ends December 15, 2019.
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 2018, the Division investigated more than 3,100 consumer complaints and
recovered over $8.4 million on behalf of consumers. For more information about
the Division of Insurance, visit DOI.NV.GOV.