Tag: Nevada

Nevada holds public webinar to address high auto insurance rates

Marc
Auto insurance - Nevada Highway Sign

The state scheduled the webinar to be open to the public to address rapidly rising premiums. The Nevada Division of Insurance recently held a live webinar to provide the public with an opportunity to discuss the rising cost of auto insurance in the state. The event on the subject was held on November 1 and ran from 10:00 am through until 11:30 am. The webinar was meant to address the rapidly rising auto insurance rates in the state, which have been climbing as has been the case across the country.…

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Chapter 7 vs. Chapter 11 Filing Fees and Costs

Guest Author

You may have taken on too much debt and are now deciding to file bankruptcy. There is a huge difference in the cost of filing for a Chapter 7 and Chapter 11 bankruptcy. The filing fee for Chapter 11 bankruptcy case is $1,717. The filing fee for a Chapter 7 case is $335. Also, a debtor that files under Chapter 11 bankruptcy must pay a Chapter 11 quarterly fee to the United States Trustee. The exact figure is calculated based on the disbursements during the three-month calendar. However, the debtor…

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Nevada residents are slow to embrace state’s health insurance exchange

S.Vagus
Nevada health Insurance

HHS data shows that enrollment in insurance exchange is sluggish this year Those living in Nevada have been slow to sign up for coverage through the state’s health insurance exchange. A new report from the Department of Health and Human Services has found that relatively few people have purchased coverage through the state’s exchange, called Nevada Health Link. Enrollment numbers were quite low during the first month of the open enrollment period, which began on November 1. Overall, enrollment throughout the country has been sluggish. Approximately 23,000 consumers have enrolled…

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Nevada Division of Insurance announces health insurance rate increases

Logan B.
Nevada health Insurance

State agency provides information concerning growing insurance premiums The Nevada Division of Insurance has announced rate increases that will affect health insurance policies in 2016. The state’s acting Insurance Commissioner Amy Parks notes that consumers benefit from an aggressively competitive market, where 18 different carriers provide coverage every year. The competition in the market has allowed insurance premiums to remain relatively stable, reducing the financial pressure on both consumers and businesses alike. Rates for policies sold through the exchange will grow by an average of 8.7% According to the Division…

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Nevada health insurance co-op to shut down in 2016

S.Vagus
Nevada health insurance commissioner State Legislature Building

State’s insurance co-op will cease operations on January 1, 2016 Nevada’s health insurance co-op will be closing down on January 1 next year. The co-op was established through the Affordable Care Act and serves as a non-profit insurance organization that is meant to provide consumers with more options when it comes to affordable coverage. The problem, however, is that the co-op has struggled to meet its enrollment goals and has failed to generate profits, which has lead to a troubling financial situation that it is not able to recover from.…

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