Health insurance confusion could be avoided in the future Confusion is a common problem in the insurance market, especially where health insurance is concerned. Consumers often express their confusion over the coverage options they have, with many consumers claiming that they do not have enough access to information concerning health insurance policies before they make a purchase. Jay Feinman, a professor of insurance law at Rutgers University, has begun drawing attention to this issue, suggesting that health insurance policies should be made more straightforward for the sake of consumers. Consumers…
Read MoreTag: nevada division of insurance
Nevada government seeks feedback from public on health insurance benefits
Consumers have a chance to speak out on health insurance benefits Nevada’s Division of Insurance is looking to acquire public opinion on what should be included in the state’s essential health benefits plan, which is part of the Affordable Care Act. Per federal law, the state must build a health insurance exchange itself or risk having the federal government establish one. This insurance exchange is meant to provide consumers with access to affordable health insurance policies and create competition in the market to drive down insurance premiums overall. The policies…
Read MoreNew website allows Nevada consumers to review and respond to health insurance rate increases
The Division of Insurance in Nevada has announced the launch of the new Nevada Health Rate Review website that is available to consumers and small businesses in the state, to allow them to review health insurance rate hikes, as well as leave their own comments. The website was created in order to comply with a part of the Affordable Care Act (ACA) which began September 1, 2011. This federal law demands that the state offer a way for small businesses and consumers to leave their comments regarding rate hikes that…
Read MoreNevada low income car insurance proposal dead in the water
Early this year, Nevada legislators were considering a bill that would provide more affordable car insurance policies to low-income families. The bill had gained momentum in Las Vegas in its early days, but support waned as months passed without comprehensive amendments. It was announced that the Nevada Senate had terminated the bill, leaving its sponsor, Assemblyman Kelvin Atkinson, to go back to the drawing board. Atkinson expressed his disappointment with the lack of Republican support for the bill, but has hopes that a similar measure will be passed in the…
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