Nevada Insurance Division taking feedback on medical insurance premium increases « Health Insurance Advisory

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new healthcare reform lawThe new healthcare law, called the Patient Protection and Affordable Care Act (PPACA), represents comprehensive healthcare reform legislation signed into law on March 23, 2010. It contains numerous provisions designed to protect consumers and promote low cost medical insurance, including many new taxes to pay for the cost.

In this section of the site, you can also obtain the following information specific to your state: available medical insurance options, efforts to regulate medical insurance premiums, healthcare, the individual medical insurance marketplace and the new healthcare law.

Our objective is to help Americans make sense of the new healthcare law by explaining key provisions in plain English and assisting individuals, families and the self-employed in using this information to find and secure affordable medical insurance.

Nevada Insurance Division taking feedback on medical insurance premium increases

Author: Pete S - Sr. Staff Writer | Sep 05 2011 | Nevada, Premium Increases - New Healthcare Law

The Insurance Division for the state of Nevada just announced it will be accepting feedback from consumers about premium increases on individual medical insurance plans and employer group health plans. The new healthcare, called the Patient Protection and Affordable Care Act, mandates health insurers publish proposed premium rate increases on the web so consumers can communicate their feelings about the rate hikes.

For this purpose, the state Insurance Division installed a new section on its website to allow individuals and small employer groups to post their comments about proposed rate increases. The goal is to protect individuals, families and business owners from unreasonable rate increases by health insurance companies. Regulators will also consider comments by consumers. The new law affects small employers only because traditionally large employers have greater negotiating power with medical insurance companies.

Nevada law also requires health insurance companies to file rates for approval with the state Insurance Division for any rate change to an individual medical insurance plan or small employer group health plan with less than 50 employees participating.

If you are searching for medical insurance options in Nevada, let is help you find and secure an affordable Nevada individual medical insurance plan. Our online medical insurance quotes allow you to shop and compare side by side the rates and benefits of leading health insurers. Start saving money today!

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