Nevadans Get a Preview of 2025 Proposed Health Insurance Rate Changes for Upcoming Open Enrollment
Starting today, Nevada consumers who shop for their health insurance on the individual health insurance market can view and provide comments on proposed rate changes for Plan Year 2025.
The Nevada Division of Insurance (Division) has received and made public on its website the 2025 proposed rate changes from health insurers intending to sell plans on and off the Silver State Health Insurance Exchange (the "Exchange"). The Exchange is the state agency that assists eligible Nevada residents to purchase affordable health and dental plans.
Nevada Health Link Spearheads AI Implementation, Championing Cutting-Edge Technology for Unparalleled Consumer Engagement
The first State Based Marketplace to receive Centers for Medicare & Medicaid Services approval for implementing AI technology
MOUNTAIN VIEW, Calif. – In a groundbreaking move towards enhancing consumer experiences and setting new standards in health insurance exchange technology, Nevada Health Link proudly announces the successful integration of Artificial Intelligence (AI) into its State-Based Marketplace (SBM) platform. This first-of-its-kind initiative underscores Nevada Health Links's unwavering commitment to innovation, transparency, and consumer-centric strategies.
The implementation of a purpose-built interactive virtual agent (IVA) by the team at GetInsured marks a significant milestone in Nevada Health Links's journey. Nevada Health Link is the first marketplace to have Centers for Medicare & Medicaid Service’s (CMS) approval for the use of AI-based Interactive Virtual Agents to enhance the customer service experience. The state worked collaboratively with the CMS and GetInsured security teams for several months to ensure that all federal privacy and security requirements were met. This approval signifies a high level of confidence in the technology that the marketplace has implemented.
Over 99,000 Nevadans Enrolled in Health Insurance During Nevada Health Link’s Open Enrollment Period
This year marks the State marketplace’s second largest Open Enrollment ever.
(CARSON CITY, NV) – Nevada’s health insurance marketplace, NevadaHealthLink.com, recently wrapped up its two-and-a-half-month Open Enrollment Period on January 15, and final numbers revealed that this year’s enrollment numbers outpaced last year’s totals by 3%. This makes for the second-largest enrollment in the state’s marketplace history, with 99,312 Nevadans enrolling in a Qualified Health Plan and 20,984 enrolling in a Qualified Dental Plan.
I was a bit surprised to hear that this is the 2nd highest OEP enrollment in Nevada's history, but sure enough, they broke 101,000 back in 2022.
Open Enrollment is the only time Nevadans can freely enroll in a health insurance plan without experiencing a qualifying life event
WHAT:
Nevada Health Link is encouraging Nevadans to join the more than 93,000 others who have enrolled in a health insurance plan this Open Enrollment Period. Nevadans have until January 15 at 11:59 p.m. to enroll in a health insurance plan through NevadaHealthLink.com. Nevada Health Link’s Open Enrollment Period is the only time of year Nevadans can freely enroll in a health insurance plan through the state marketplace without experiencing a qualifying life event, such as getting married, having a baby or moving. For those who enroll now, coverage will take effect on February 1, 2024.
Plan Year 2024 Open Enrollment Period Health Insurance Plans and Rates Are Available Now on NevadaHealthLink.com
Nevadans can “window shop” online to view and compare health insurance plans ahead of open enrollment starting November 1
CARSON CITY, Nev. (Oct. 2, 2023) – Nevadans can now explore and compare health insurance plans on NevadaHealthLink.com ahead of the 2024 Plan Year Open Enrollment Period, which runs from November 1, 2023 through January 15, 2024. Throughout October, Nevadans can check plan rates and determine eligibility for federal assistance to help lower the cost of monthly premiums; nearly 9 out of 10 Nevada Health Link enrollees qualify for financial help on their premiums. All plan options and rates can be viewed by using the “window shopping” feature on NevadaHealthLink.com.
In August, I posted an unweighted average of the preliminary rate filings for Nevada's individual & small group markets; it was unweighted at the time because I was unable to find the actual unredacted rate filing forms on the SERFF database, federal Rate Review website or even Nevada's own insurance filing database site.
Fortunately, now that the approved 2024 filings have been published, the NV DOI has added the Rate Change Justification forms to their database, making it easy to plug in the number of enrollees for every carrier in both markets. It's also important to note that there are two new carriers joining Nevada's individual market: Molina Healthcare and Imperial Insurance Co.
Overall, the weighted average rate increases are 3.8% for unsubsidized individual market plans and 6.4% for small group market enrollees.
Medicaid recipients deemed ineligible for coverage may be eligible for financial assistance and are encouraged to contact Nevada Health Link to avoid a lapse in health coverage
CARSON CITY, Nev. – As the redetermination process associated with the unwinding of the Public Health Emergency continues, Nevada Health Link, Nevada’s health insurance marketplace, is continuing to work diligently to streamline the enrollment process for individuals and households whose increased income no longer qualifies them for Medicaid coverage.
Nevada used to be a state where the annual individual & small group rate filings were fairly transparent. They have a pretty easy-to-use searchable filing database which clearly lists the carriers, market, maximum & minimum rate changes and even includes the SERFF Tracking numbers for every filing.
Unfortunately, this year at least, most of that proves useless for my purposes. The average rate changes are posted, but the enrollment data is still hidden from public view--entering the SERFF Tracking Numbers still brings up nothing in the SERFF database, and the actuarial memos posted at RateReview.HealthCare.Gov are mostly redacted. As a result, I'm only able to enter enrollment data for one of the nine carriers on the Nevada individual market, and none on the small group market.
Interestingly, the one I have enrollment data for (Aetna Health of Utah) also has a curious discrepancy: The filing itself lists the average requested rate increase as being 6.97%, but on the RR.HC.gov site it only shows up as 1.36%. The other eight carriers all match up (or are within a tenth of a percentage point, anyway).
DENVER— Today, the Colorado Division of Insurance (DOI) announced that they have asked the courts to move Friday Health Plans of Colorado into liquidation, which will end coverage for Friday Health Plans customers on August 31, 2023.
Chief Executive Officer of Connect for Health Colorado, Kevin Patterson, released the following statement:
