Nevada Returns To Using Nevada Health Link - Leaves HealthCare.gov for 2020

LAS VEGAS - Oct. 3, 2019 - PRLog -- On November 1st, Nevada's health insurance enrollment platform will go live. Rather than purchasing government-subsidized individual health insurance plans through HealthCare.gov, Nevada residents will purchase them through a state-run enrollment platform. While ample preparation has gone into ensuring that this transition is as smooth as possible, Nevadans may still want to seek out free assistance with signing up for health insurance from a Nevada Insurance Enrollment health insurance agent.

There are several reasons for the transition away from HealthCare.gov. Ultimately, the goal is to provide Nevadans with more affordable health insurance coverage, easier access to the plans that they need and to maintain the state's autonomy.

Reducing Health Insurance Costs
The primary reason for the switch is to reduce the operating costs paid by the state for use of a health insurance enrollment platform. Last year, the federal government charged states that had a state-run exchange but used the HealthCare.gov enrollment platform, including Nevada, a fee that is equal to about 2% of the cost of premiums. In 2019, that fee increased to 3% of the cost of premiums.

While this is still lower than the fee paid by states that rely fully on the federally run exchange, the cost is considerable. Nevada Health Link projected that leasing costs to use HealthCare.gov would be well over $13 million by the year 2020. According to Nevada's exchange leadership, the state-run platform uses better technology and will be a far more cost-effective option than paying a fee to continue using HealthCare.gov.

Once Nevada Health Link has fully transitioned to its own platform, the state will no longer have to pay the costs associated with leasing the HealthCare.gov platform. This will significantly cut down both on technology fees and the costs associated with running a call center. In fact, making the transition to its own enrollment platform will save the state more than $18 million over the course of the contract. It will also provide a better experience for enrollees while providing the Marketplace with more efficient access to user data and trends. This will enable the state to further improve health insurance marketing efforts.

By running its own marketplace, the state will only pay $5 million for a five-year contract, saving millions of dollars. These lower costs mean lower rates for health insurance providers and savings that may be passed along to consumers.

Read the full article:
https://www.nevadainsuranceenrollment.com/health-insuranc...

Learn more:
https://www.nevadainsuranceenrollment.com/individual-fami...

Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV  89032
(702) 898-0554