Online insurance market increased total enrollment by 7.6% during US bailout enrollment period
CARSON CITY, Nevada – Nevada Health Link, the online health insurance marketplace operated by the state agency Silver State Health Insurance Exchange (Exchange), announced that more than 17,000 Nevada residents have enjoyed savings on premiums during an Open Enrollment Period (OEP) created by the American Rescue Plan Act (ARPA or American Rescue Plan).
Due to the COVID-19 pandemic and efforts to ensure more Americans are covered by health insurance, the American Rescue Plan Act was signed into law on March 11 of this year, providing uninsured Nevadans with opportunities additional sign up for health insurance benefits as well as significant savings. . Existing customers also had the opportunity to take advantage of increased subsidies through the Nevada Health Link marketplace.
A total of 17,094 Nevada residents, including new consumers and active re-enrollees (i.e. existing consumers returned to Nevada Health Link and actively selected a qualified health plan during ARPA) enrolled in health insurance plans and benefited from increased subsidies through special Nevada Health Link enrollment. Periods.
Currently, total health coverage enrollment through Nevada Health Link has increased 7.6% to a total of 88,114 enrollees. By the end of the 2021 plan year, which was last year’s open listing period (November 1, 2020 to January 15, 2021), the Exchange had listed a total of 81,903 people. In recent years, total enrollment has declined by 15% over the course of a year, but the expanded subsidies and access provided by the ARPA enrollment period have reversed this trend and allowed more Nevadans to find affordable coverage that met their needs.
The average net premium for ARPA consumers also fell. At the end of last year’s open enrollment period, the average monthly premium was $232, compared to an average of $154 for those who actively purchased and used ARPA between April 20 and August 15. .
For Nevada residents collecting unemployment benefits in 2021 with a lack of access to health insurance options, Nevada Health Link helped nearly 6,000 households enroll in $0 premium plans during the period. registration with ARPA.
“Our ultimate goal is to ensure that every Nevadan has access to comprehensive health insurance plans, regardless of income, employment status or cost,” said Heather Korbulic, executive director of the Silver State Health Insurance Exchange. “During these special enrollment times, we were able to move closer to that goal by providing affordable insurance plans to even more Nevadans, with significant premium savings and increased subsidies. This means more Nevadans will be able to live healthier lives with access to doctor visits, surgery, preventative care, and having basic health needs taken care of with health plans tailored to their lifestyle. life and their budget. For those who missed this ARPA enrollment period and are still uninsured, can purchase plans beginning November 1 during open enrollment.
Although the ARPA enrollment period has ended, there is yet another chance this year for uninsured Nevadans to enroll in plans through Nevada Health Link. If you are experiencing a Qualifying Life Event (QLE), you can enroll during a regular Special Enrollment Period. Examples of a QLE are: having a baby, getting married or divorced, a change in income, or the loss of current health or other insurance. Learn more by visiting our website: https://www.nevadahealthlink.com/reporting-life-and-income-changes/.
The normal open enrollment period begins November 1, 2021 and ends January 15, 2022. This applies to Nevada residents who do not have health insurance through an employer, do not have Medicare, Medicaid , Children’s Health Insurance Program (CHIP), or other source that provides qualifying medical coverage.
For more information about enrolling in health insurance plans through Nevada Health Link, visit https://www.nevadahealthlink.com.
About Nevada Health Link:
Nevada Health Link is the online insurance marketplace operated by the Silver State Health Insurance Exchange (Exchange), which was established by Nevada Revised Statutes (NRS) in 2011 by the State of Nevada and commenced operations in 2013 on the belief that all Nevadans deserve access to health insurance. In 2019, the exchange moved away from the federal marketplace, HealthCare.gov, and became a fully operational state-based exchange (SBE) in time for its seventh Open Listing Period (OEP). Nevada Health Link connects eligible Nevada residents to budget-friendly medical and dental coverage and is the only place eligible consumers can receive federal tax credits to help cover premium costs. Subscribe to Nevada Health Link’s blog and YouTube channel, like them on Facebook, or follow them on Twitter and Instagram. Nevada Health Link always encourages consumers to use the free assistance of a licensed enrollment professional by calling 1-800-547-2927 or visiting NevadaHealthLink.com.