Proposed health insurance rates announced for 3 counties after carriers abandon rural Nevada
Submitted by Jeff Munson on Fri, 06/30/2017 - 3:02pm
With news this week that Nevada’s health insurance exchange carriers bolted from Nevada's 14 rural counties including Carson City, Lyon, Douglas and Storey counties, the state's Division of Insurance posted a summary of proposed rate changes for 2018 on the Division’s website.
The proposed rate changes are for plans sold on the Nevada’s health insurance Exchange in the individual market encompassing Washoe, Clark and Nye counties only. The Silver State's 14 other counties were abandoned this week by insurance companies. See the story here.
“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 process.”
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.
