38°F
weather icon Mostly Cloudy

Proposed health insurance rates available for review

The Nevada Division of Insurance has received and made public rate information from health insurance companies interested in participating in the individual health insurance market for Plan Year 2021.

Consumers who shop for health insurance in the individual market can view new rate information for PY21 on the Nevada Division of Insurance website.

There are five insurance companies that submitted proposed rates for plans offered on the Silver State Health Insurance Exchange or the state-based exchange known as Nevada Health Link. Those insurers are Health Plan of Nevada, SilverSummit, HMO Nevada, SelectHealth and Friday Health Plan, with up to 50 individual health plans.

The proposed average increase is 7.5%, which includes a COVID-19 load that makes up 1.6% of the proposed average rate increase, for health insurance plans sold through Nevada Health Link. The exchange recently announced the open enrollment period for PY21 will run from Nov. 1-Jan. 15, 2021 – extending the traditional OEP by an additional 30 days and giving consumers 75 days to enroll in a comprehensive health care plan.

For the off-exchange market, six insurance companies have submitted proposed rates: Health Plan of Nevada, Sierra Health &Life, SilverSummit, Hometown Health Plan, Hometown Health Providers and SelectHealth, offering up to 61 individual health plans with an average proposed rate increase of 3.2%, which includes a COVID-19 load of 0.7%.

“This year, Nevadans have more choices when it comes to their health coverage,” Insurance Commissioner Barbara Richardson said. “As always, consumers should shop for health plans not only based on price, but also taking into consideration the coverage and medical needs for themselves and/or their families. We also want to caution consumers that even though these rate increases may be lower, actual impacts on how much a consumer pays in premiums may vary from last year due to possible changes in their personal subsidies.”

The proposed rate submissions are from insurance companies interested in participating in the individual health insurance market. The division is reviewing such requests but would like consumer input on the proposed rate changes. Consumers are encouraged to review these rate changes and submit their comments through the division’s website before rates are approved later in the month.

Additional information on proposed rate changes can be accessed by viewing a summary of the proposed rate changes or by visiting the division’s website at http://doi.nv.gov/rate-filings

Approved rates will be posted Oct. 1.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Nevada Donor Network marks successful 2020

Nevada Donor Network announced that, despite the COVID-19 pandemic, it coordinated 200 organ donors, 892 tissue donors and 854 cornea donors in 2020. On the other end, NDN aided 504 organ transplant recipients, thousands of tissue recipients and 1,314 cornea recipients during 2020.

California lifts stay-at-home order, Inyo still in purple tier

The California Department of Public Health announced Monday that the California Stay at Home Order has been lifted. Inyo County will remain in the Purple Tier of the state’s Blueprint for a Safer Economy, indicating that the risk level in the county is widespread.

First case of COVID-19 variant detected in state

Monday was the first day with fewer than 1,000 new COVID-19 cases in Nevada since early November, COVID-19 Response Director Caleb Cage said Monday at a daily briefing on the pandemic.

Weather offers good time to conduct fire operations

Taking advantage of statewide moisture in the forecast, the Humboldt-Toiyabe National Forest will be conducting prescribed fire operations across several portions of the forest this week as part of the forest’s hazardous fuels reduction effort and active forest management program.

Division of Forestry grants can help restore ecosystems

The Nevada Division of Forestry announced Jan. 20 that it is seeking pre-proposals for three competitive grant programs: Landscape Scale Restoration, Western State Fire Manager’s-Wildland Urban Interface and Hazardous Fuel-Community Protection.

Pfizer CEO: 200 million vaccine doses to be early

Pfizer Inc. will be able to supply the U.S. with 200 million COVID-19 vaccine doses by the end of May, two months sooner than previously expected, according to its top executive.

Goodwill receives largest donation in its history

Goodwill of Southern Nevada is proud to announce a significant and historic donation from MacKenzie Scott to Goodwill Industries International, as well as to 46 out of 156 independent territories, totaling approximately $500 million.