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

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

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

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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Nevada health insurance exchange is being targeted by some lawmakers

Nevada health insurance commissioner State Legislature Building

Legislators seek to cede control of the health insurance exchange to the federal government Lawmakers in Nevada want to eliminate the state’s health insurance exchange. Nevada Health Link, as it is called, is being accused of wasting money and disappointing consumers that have sought to obtain insurance coverage. New legislation has been introduced to cede control of the exchange to the federal government, which would then be responsible for funding and managing the exchange. Governor Brian Sandoval believes that the state should continue operating its own exchange, however. Governor plans…

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More than 40,000 people sign up for health insurance coverage through Nevada exchange

Nevada health insurance commissioner State Legislature Building

State insurance exchange is performing well this year Thousands of consumers in Nevada have purchased health insurance coverage through the state’s exchange during the latest open enrollment period. According to information released by the state’s exchange, some 40,285 have enrolled in the exchange before December 15. These people will have their new insurance policies go active on January 1, 2015, and will also receive any tax credits they may be eligible for at the same time. Technical issues of the past have been resolved, making it easier for consumers to…

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Nevada updates its health insurance exchange

Nevada health insurance commissioner State Legislature Building

Nevada Health Link has received an overhaul in an effort to make it perform better than it did last year Nevada is prepared to launch its newly revised health insurance exchange. Officials with Nevada Health Link, the state’s exchange, believe that the exchange’s new website will be able to handle the demand and traffic coming from consumers. Last year, the exchange struggled to provide people with access to health insurance policies and was harshly criticized by many as a failure. This year, state officials are expressing optimism concerning the revisions…

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Nevada health insurance exchange targeted by lawsuit

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Six insurance brokers file a lawsuit against the state’s exchange Nevada’s health insurance exchange has become the subject of yet another lawsuit. Six insurance brokers working in the state have filed a lawsuit against the exchange in the Clark County District Court. The lawsuit claims that the Silver State Health Insurance Exchange and Xerox, which developed the exchange’s website, have failed to pay commissions to brokers. This has been a longstanding issue that has received relatively little attention over the past few months. Brokers are collectively owed more than $200,000…

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