Cancelled policies in Nevada to stay cancelled

Nevada health insurance commissioner State Legislature Building

Health insurance policies in Nevada remain cancelled The Nevada Division of Insurance has announced that all health insurance policies that were cancelled due to the Affordable Care Act’s provisions cannot be renewed in the state. This decision came after consulting with the attorney general’s office and meeting with several executives from insurance companies operating in Nevada. The logistics involved with reversing cancellations, especially after notices had already been sent to policyholder, have been deemed too extreme to be viable. 25,000 consumers forced to find new policies Some 25,000 Nevadans have…

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Nevadans caught in health insurance limbo

Nevada health insurance commissioner State Legislature Building

Some 25,000 in Nevada receive health insurance cancellation notices Many consumers in Nevada are currently in a state of limbo concerning their health insurance coverage. Approximately 25,000 people throughout the state have received cancellation notices from their insurance providers, but whether or not these cancellations will actually occur is still up for debate. Policyholders are currently waiting on state officials to determine if these cancellations will bear any weight and whether health insurance plans that do not comply with federal standards should be allowed to remain active. Regulatory shift could…

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Nevada releases estimates for health insurance policies sold through exchange system

Nevada health insurance commissioner State Legislature Building

Division of Insurance releases estimates concerning health insurance rates The Nevada Division of Insurance has released estimates concerning the policy premiums for plans sold through the state’s health insurance exchange, called the Silver State Health Insurance Exchange. The state agency notes that the exchange will begin open enrollment next month and believes that issuing rate estimates will help consumers better understand the financial aspects of policies sold through the exchange and prepare themselves accordingly. Policies sold through the exchange will become active on January 1, 2014. Estimates account for individual…

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Nevada moves to raise awareness concerning health insurance

Nevada health insurance commissioner State Legislature Building

Health insurance awareness becoming a top priority for states The Affordable Care Act has effectively changed the health care landscape of the U.S. The changes that the law has introduced have been met with controversy and harsh criticisms since the law’s passage in 2010, but the Affordable Care Act has yet to be rebuked in any significant fashion. Per the law, states have been working to build health insurance exchanges that will provide consumers with more options when it comes to the coverage they need. While some states have opted…

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Auto insurance fraud on the rise in Nevada

Auto Insurance

Auto insurance fraud turning Nevada highways into dangerous territory Fraud is nothing new in the world of business, especially when it comes to auto insurance. Auto insurance fraud is on the rise in Nevada, according to the state’s Highway Patrol. Law enforcement officials claim that the number of staged accidents is climbing and that these accidents often revolve around the trucking industry. The prevalence of fraud is causing the cost of auto insurance to spike in some parts of the state, especially in Las Vegas, where staged accidents occur frequently.…

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Health insurance continues to be a confusing matter in the US

Health Insurance confusion

Health insurance confusion could be avoided in the future Confusion is a common problem in the insurance market, especially where health insurance is concerned. Consumers often express their confusion over the coverage options they have, with many consumers claiming that they do not have enough access to information concerning health insurance policies before they make a purchase. Jay Feinman, a professor of insurance law at Rutgers University, has begun drawing attention to this issue, suggesting that health insurance policies should be made more straightforward for the sake of consumers. Consumers…

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Nevada health insurance exchange fees approved by state board

Nevada health insurance commissioner State Legislature Building

Nevada health insurance exchange policies will have fee attached Nevada has been working to develop its own health insurance exchange in recent months. Late last year, the state announced that it would be building its own exchange program. Many of the details have yet to be worked out, but state officials have made some headway concerning the Nevada health insurance exchange this week. The Silver State Health Insurance Exchange board, which was formed to help formulate the governance of the state’s exchange program, has approved fees that will be associated…

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