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Summary of Proposed health insurance rate changes for Exchange carriers are now available to the public on the Division’s website

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

 FOR IMMEDIATE RELEASE– June 30, 2017

Summary of Proposed health insurance rate changes for Exchange carriers is now available to the public 

 

CARSON CITY, NV – The Nevada Division of Insurance 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.”

Based on the rate submissions the Division has received for 2018 plans, there will be four insurance companies offering plans on the Exchange with a total of 24 individual health plans to choose from between Clark, Washoe and Nye counties. 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

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 2016, the Division investigated more than 3,200 consumer complaints and recovered nearly $5 million on behalf of consumers. For more information about the Division of Insurance, visit DOI.NV.GOV or download the Division’s smartphone app NDOI Connect today in the Apple App Store and Google Play.

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