99°F
weather icon Clear

Nevada health insurance rates barely changing, on or off exchange

Nevadans buying health insurance on and outside the state marketplace will pay nearly the same prices they paid last year, the state Division of Insurance announced recently.

While plans sold outside the state exchange will see average premium increases of 2 percent, on-exchange plans are decreasing in price by 0.4 percent on average. Combined, that’s a 0.3 percent increase, the division said. Health insurance

The smaller changes are a sign of stability in the health insurance market, following a national trend, state Insurance Commissioner Barbara Richardson said.

“Once we saw the proposed rates, we knew we were moving in the right direction,” she said. Last year, plan rates went up an average of 31.6 percent on and off the exchange.

Rate changes don’t affect 87 percent of Nevadans buying plans on the Silver State Health Insurance Exchange. Those people receive subsidies, which adjust according to premium changes.

But for the remaining 13 percent — and likely some of the 11 percent of Nevadans who are uninsured — premiums come at full price and are largely unaffordable.

Richardson said she thinks new association health plans, available to Las Vegas Metro Chamber of Commerce members and in Washoe and Clark counties through other chambers of commerce, will eliminate some of the problem. Still, few options exist for those in rural areas who make too much to qualify for subsidized coverage but not enough to afford insurance premiums.

“I think that’s what we’re really going to be spending our time focusing on,” Richardson said of rural health coverage. “There’s all types of market stability options that have been proposed for discussion in the Legislature.”

Don't miss the big stories. Like us on Facebook.
THE LATEST
Lakeview golf course rebounding under new management

Despite experiencing multiple setbacks since securing the management contract for Lakeview Executive Golf Course in 2019, CourseCo. has made strides to make the course profitable.

Facelift set for Blagg Road in Pahrump

A $489,000 contract has been awarded to Las Vegas Paving Corp. for the improvements.

Nevada marijuana lounges may appear across state in 2022

Marijuana consumption lounges might begin to spring up as early as this year, and state officials on Tuesday took a crucial step into making that timeline possible by approving regulations for such businesses.

GriefShare begins 8th year of healing in Pahrump

Grief is an often inexplicable emotion, one that can be difficult to describe and to comprehend, but it’s an emotion that all must face at some point in their lives. When that grief comes from losing a loved one, it can be even more overwhelming but fortunately there is a place for local residents to turn: GriefShare.