What Do You Need to Know About Nevada Health Insurance?

Buying individual health insurance isn’t quite as easy as it sounds.  More than a simple matter of choosing from a few employer-funded health plans or choosing between a PPO and an HMO, you must read the fine print when purchasing self-funded health insurance.  Unfortunately, in this “fine print” you will find out how limited most individual health plans really are.  Unless you are willing to spend more than $1,000 per month for a single member, your Nevada health insurance plan will not have the same benefits as your former employer’s plan.  However, there are ways to make sure you’re getting the most value for your money.

Start by contacting the Nevada Division of Insurance, where you will find information and resources about the various insurance options in the state.  If you need to find an experienced and licensed insurance agent, the agency will help you find someone who is very familiar with Nevada’s health insurance plans.  They are also the state’s regulatory arm for ensuring that all insurance sold in Nevada is legitimate and legal.

Nevada health insurance that is sold through an employer is regulated by a federal agency, the U.S. Department of Labor’s Department of Employee Benefits and Security (EBSA.)  This group ensures your employer is following the rules concerning their offer of health insurance and not discriminating against certain workers because of a pre-existing illness. Also, it is the EBSA that administers COBRA benefits for terminated employers who worked for a company with at least 20 employees.

In a recent article about this very subject by a Colorado insurance agent, “Nevada Health Insurance - What You Need to Know,” finding an individual health plan requires some basic knowledge about the various plan types.  You should also know that insurance providers are now allowed to turn down your application because of a pre-existing medical condition.  They can price your plan higher if you smoke, are over 35 or overweight, which means you should not base a buying decision on their promotional rates.

Rather than wading through all of this information by yourself, why not contact an expert on Nevada health insurance; one who can help you understand the options available to you.  Your broker will be able to steer you toward the Nevada health insurance plan that will make the most sense for your health status and budget.