Learn about what’s NEW in health insurance for Plan Year 2018
While you shop for a health insurance policy for next year, you may notice changes in the health insurance market. For starters, there are fewer insurance companies offering policies this year. This means some consumers will notice that the policy they purchased for 2017 is no longer going to be offered. Fortunately, there are still policies to choose from.
Below is a brief summary of important changes for 2018:
On Exchange: (where subsidies remain available in 2018)
- There are two insurance companies offering health insurance on the Exchange: in Nevada Health Plan of Nevada and SilverSummit Health Plan.
- Anthem and Prominence WILL NOT be offering any policies on the Exchange next year, so you if were insured by these companies YOU MUST SHOP FOR A NEW HEALTH INSURANCE COMPANY for next year.
- If you do not actively shop and enroll in a policy of your choice, you will be automatically enrolled in a different plan, which means: A PLAN WILL BE CHOSEN FOR YOU! This is especially important if you have certain doctors or medications you prefer because the plan you get automatically enrolled into may not cover those same doctors or medications on which you currently rely.
- There will be 14 Qualified Health Plans (QHP) to choose from in Washoe, Clark, and Nye counties: 4 bronze, 7 silver and 2 gold plans.
- Consumers residing in Carson City, Churchill, Douglas, Elko, Esmeralda, Eureka, Humboldt, Lander, Lincoln, Lyon, Mineral, Pershing, Storey and White Pine counties will have 4 plan options: 1 gold, 1 silver, and one bronze.
- If you have children and want dental coverage, then you will need to purchase a dental policy from one of the six dental carriers offering plans on the Exchange.
Off Exchange: (subsidies not available)
- There are 6 insurance companies offering health insurance off of the Exchange.
- There will be 79 plans to choose from available: 12 catastrophic, 21 bronze, 28 silver and 18 gold.
The Rate Wizard lets you compare the health insurance plans available. These rates are displayed by age, county, and are for non-smokers. The search results are displayed and then sortable by plan name, carrier name, metal tier, and whether it is offered on or off the Exchange. This allows the search to be targeted for quicker more focused results. It provides an estimate of the rate, as well as the full contracts and schedules of benefits.
It is important to note that these rates DO NOT REFLECT FINANCIAL ASSISTANCE offered through the federal government. To see whether you qualify, visit NevadaHealthLink.com.
If you are not sure what some insurance terms mean visit the Division’s health insurance glossary at http://doi.nv.gov/Health-Rate-Review/Glossary-of-Health-Insurance-Terms/.