Nevadans can now comment on health insurance rates



CARSON CITY – Starting Sept. 1, Nevada consumers will have a greater say in the cost of their health insurance rates with the online launch of Nevada Health Rate Review by the Nevada Division of Insurance.

Nevada Health Rate Review is a new section of the Division’s website where consumers can view and comment on health insurance rate change applications from individual and small employer group health insurers including HMOs. It will launch on Sept. 1 at

Nevada law requires prior approval by the Division of any rate change for individual and small employer group health insurers including HMOs. Insurers are required to submit any proposed rate changes to the Division for evaluation. These rate change applications will be posted to the Nevada Health Rate Review section of the Division’s website.

Consumer comments will be considered as the Division reviews rate change applications.

A health insurance rate is the base price for health benefits for a specific product. When an insurer changes ITS base rates, the final premium is affected by the amount of change.

The premium is the actual amount paid by a policyholder for a specific product. The premium is determined by applying rating factors to the rate. Such rating factors include age, gender, geographic territory, risk factors specific to you such as smoking/non-smoking, and other factors to determine the premium to be charged to the policyholder.

The launch of Nevada Health Rate Review is part of Nevada’s ongoing efforts to comply with the Affordable Care Act.

About the Nevada Division of Insurance
The Nevada Division of Insurance protects the rights of Nevada consumers and ensures the financial solvency of insurers. The Division investigated more than 2,400 consumer complaints during fiscal year 2010. The total premium dollar amount of all lines of insurance in Nevada for 2010 was approximately $11 billion. The Division is an accredited member of the National Association of Insurance Commissioners, a national organization comprising state insurance regulators dedicated to the development of good public policy in insurance. For more information about the Division of Insurance, visit

RELATED:  PHOTOS: Advocates Gather to Discuss Community Health Care in Nevada
About ThisIsReno 12459 Articles
ThisisReno is your source for online Reno news and events since 2009. We are locally owned and operated. #thisisReno