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Approved 2019 Health Insurance Rates are Now Available to the Public to Review

Contact: Yeraldin Deavila, Public Information Officer
Phone: (775) 687-0772
E-mail: ydeavila@doi.nv.gov

FOR IMMEDIATE RELEASE– October 2, 2018

Approved 2019 Health Insurance Rates are Now Available to the Public to Review

 CARSON CITY, NV – The Division of Insurance has posted the approved 2019 health insurance rates for all plans in the Individual Health Insurance Market at healthrates.doi.nv.gov.

For 2019 there are a total of 7 insurance companies offering plans on and off the Exchange in the individual market in Nevada. The approved average rate change in the individual market, both on and off Exchange, is 0.3%.

“The approved rates for next year are incredibly good news for consumers as the rates have remained consistent for next year. This is a very good sign of market stability in Nevada,” said Insurance Commissioner Barbara Richardson. “The Division strongly encourages consumers to begin reviewing and comparing available health insurance plans now, so that they know their options come November 1, when Open Enrollment begins.

On Exchange, there are 2 insurance companies offering plans: Health Plan of Nevada and SilverSummit Health Plan. The average rate change on the Exchange is a 0.4% decrease.

Off the Exchange, there are 4 insurance companies offering plans, these include: Health Plan of Nevada, Sierra Health & Life, Hometown Health Plan (HMO company), and Hometown Health Providers (PPO company). The average approved rate increase for the off-Exchange is 2.0%.

Because every year there is different market information, consumers are also encouraged to visit the Division’s NV Insurance 101 website at  http://insurance101.nv.gov/ to learn more about what health insurance options are available for open enrollment, how to shop for health insurance, and other important topics.

Additional information on the approved rate changes can be accessed by viewing a summary of approved rate changes. To view the rates and plan information, visit www.doi.nv.gov, click on “Health Insurance Rates” in the main navigation menu. From the “Health Insurance Rate Review” page, click on “Search for Health Insurance Rates.”

Rates are displayed by age and county, and are for non-smokers. The search results are displayed and then sortable by plan name, carrier name, metal tier, and whether the product is offered on or off the Exchange. This allows the search to be limited for quicker focused results.

About the Nevada Division of Insurance

The State of Nevada Division of Insurance, a Division of the Nevada Department of Business and Industry, protects the rights of Nevada consumers and regulates Nevada’s $14 billion insurance industry. The Division of Insurance has offices in Carson City and Las Vegas. In 2017, the Division investigated more than 3,200 consumer complaints and recovered over $5 million on behalf of consumers. For more information about the Division of Insurance, visit DOI.NV.GOV.

 

 

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