Many of Nevada consumers purchased their health insurance from the Health Insurance Marketplace, also known as the exchange. In the past people were concerned about the increase of medical insurance premiums, and medical expenses. That is no longer a concern for individuals and families purchasing an exchange health insurance plan. Last month a large health insurer has declined to offer medical insurance on the Nevada exchange.
According to the Reno Gazette Journal the original plan was to increase premiums by 62%. Compared to an individual age 34 years old a bronze health insurance plan would cost $258.11 per month ( 2017 rate and non tobacco). It would be a $160 per month increase.
Currently the only health insurers that remain on the Nevada exchange is Prominence and Health Plan of Nevada. The question now will Anthem Blue Cross Blue Shield continue to offer its group health plan on the SHOP marketplace? Anthem is the only insurer offering group plans on the SHOP marketplace.
This year's open enrollment period is shorter, in fact only 45 days to enroll into a health insurance plan. Open enrollment begins on November 1, 2017 to December 15, 2017
It is highly recommended that you contact your local insurance agent/ broker, or enrollment facilitator to enroll into a new health insurance plan for 2018.