Proposed Health Insurance Rate Changes for Exchange Released - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Proposed Health Insurance Rate Changes for Exchange Released

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There will be four insurance companies offering insurance plans on the Exchange with a total of 24 individual health plans to choose from between Clark, Washoe and Nye counties in 2018.

The Nevada Division of Insurance has posted a summary of proposed rate changes for Plan Year 2018 on the Division’s website. These proposed rate changes are for plans sold on the Nevada’s health insurance Exchange in the individual market.

“Posting these rate changes on the website allows the Division to be transparent with Nevada’s consumers so that they have an opportunity to review these requests from insurance carriers,” said Insurance Commissioner Barbara Richardson. “This is also an opportunity for consumers to submit their comments to the Division during this rate review process.”

The average proposed rate change for the individual market on Exchange is an increase of 38%.

“The proposed rate increases on the rate submissions filed with the Division reflect the uncertainty of the health care market. The Division will diligently review the proposed rates before they are approved,” Commissioner Richardson added.

The deadline for insurance carriers offering plans off-Exchange is July 17; the Division will be posting this proposed rate information on its website by July 25. 

Additional information on proposed rate changes can be accessed by visiting the Division's website at http://doi.nv.gov/rate-filings

(The Nevada Division of Insurance contributed to this report.)

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