Carson City, NV August 01, 2023
Starting today, Nevada consumers who shop for their health
insurance on the individual health insurance market can view and provide
comment on proposed rate changes for Plan Year 2024.
The Nevada Division of Insurance (Division) has received
and made public on
its website the 2024 proposed rate changes from
health insurers intending to sell plans on and off the Silver State Health
Insurance Exchange (the “Exchange”); the state agency that oversees and connects
eligible Nevada residents to affordable health and dental plans.
“We encourage consumers to take advantage of this
opportunity and begin reviewing their health insurance options to ensure they
find the best fit for their budget and coverage needs,” said Insurance
Commissioner Scott Kipper. “With over 200 plans to choose from, Nevadans will
have more choices than ever during the 2024 Open Enrollment period beginning on
November 1.”
The Open Enrollment period for 2024 will run from November
1, 2023, through January 15, 2024. During open enrollment, Nevadans can shop
for On-Exchange health insurance plans by visiting NevadaHealthLink.com or
by calling (800) 547-2927.
Based on the rate submissions received by the Division for
2024 plans, the overall individual market has a proposed average rate increase
of 2.9% with a total of ten companies (see list below) and 214 metallic plans
from which consumers can choose. Of those plans, 157 will be available to
consumers On-Exchange through Nevada Health
Link.
Insurance companies offering health insurance plans on the
2024 individual health insurance market:
Aetna Health
Health Plan of Nevada
HMO Nevada
Hometown Health Plan
Hometown Health Providers (Off-Exchange only)
Imperial Insurance Companies (On-Exchange only)
Molina Healthcare of Nevada (On-Exchange only)
Select Health
Sierra Health & Life (Off-Exchange only)
SilverSummit
For additional information or to submit comments on
proposed rate changes, visit http://doi.nv.gov/rate-filings and select your search criteria from the drop-down
menus: Company Name, Status (defaults to Under Review), and Insurance Type.
From there you can select a specific carrier to view rate filing details and
input comments in the text box towards the bottom of the page.
Approved rates will be posted on our website
on October 1, 2023.
For
questions regarding the proposed health insurance rate changes, or any other
health insurance-related questions, please contact the Nevada Division of
Insurance at (775) 687-0700 / toll-free (888) 872-3234; or drop our Life &
Health Product Compliance team an email at productcompliance@doi.nv.gov.
About the Nevada Division of
Insurance
The mission of the Nevada Division of Insurance is
to protect the rights of Nevada consumers in their experiences
with the insurance industry and to ensure the financial solvency
of insurers. For more information about the Division of Insurance, visit DOI.NV.GOV or follow the Division on Twitter, Facebook, LinkedIn, or Instagram.
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