Nevada Individual Health Insurance
With one in seven Americans uninsured or underinsured, you don’t have to look far to find somebody with little or no health insurance coverage. But with the soaring healthcare prices, affordable Nevada health insurance is a necessity if you want to protect the assets you worked so hard to save. The search for affordable health insurance can seem daunting, but IndividualHealthInsurance.org makes the search easy, efficient and secure by connecting you with a network of the top health insurance providers in your area who can give you free health insurance quotes that fit your needs. You deserve to protect your savings and/or retirement account as you meet those routine and emergency medical expenses that are part of everyday life.
This article will help you understand the ins and outs of Nevada health insurance regulations for individual, family and small group policies. You will also gain valuable information about for the Consolidated Omnibus Budget Reconciliation Act of 1986, commonly known as COBRA. As an overview, COBRA is meant to help workers who have been displaced retain health insurance coverage for themselves and their families for a specified amount of time- often at their own expense.
Read through this article carefully so that you will be a well informed about the regulations and information connected with Nevada health insurance. Once you are armed with this valuable information, IndividualHealthInsurance.org will help you obtain affordable health insurance quotes to meet your needs.
Nevada Individual Health Insurance
According to Nevada law, health insurance companies which offer individual health insurance policies can deny coverage for pre-existing medical conditions. If you have a pre-existing condition, you may still be offered a policy, but with limitations. One possibility is that your premiums may be higher than for those without pre-existing conditions. Another is that the insurance company can attach a rider. Basically a rider is added to the individual insurance policy and states that the company is not obligated to pay for medical expenses incurred by this pre-existing condition. A rider can be implemented for a certain period of time or can last for the life of the policy. Additionally, Nevada health insurance companies are allowed to impose a waiting period for pre-existing conditions.
Nevada Group Health Insurance
In order for a company to qualify for Nevada group health insurance, it must have between 2 and 50 employees. However, that does not mean that every employee on staff will be covered by the group health insurance. Part-time staff or those employees who live outside of the area serviced by the company’s group health insurance provider may not be able to participate in the company’s group plan. While waiting periods and pre-existing exclusions are regularly imposed by the health insurance providers for individual health insurance policies, for group health insurance policies it is usually the company’s who set out the restrictions on treatment. The good thing about group health insurance is that if you are an eligible employee who meets all of the criteria as set out by the employer, you are guaranteed insurance benefits no matter what your current health.
Nevada COBRA Insurance
If your previous employer has 20 or more employees, Nevada health insurance regulations require COBRA benefits be made available to you. Typically, if you are eligible to receive COBRA benefits, you can do so for up to 18 months. For disabled people, the coverage extends to 29 months and for eligible family members, coverage can go as long as 36 months. Because COBRA is an extension of your previous employer’s group health plan, you are only covered so long as the plan hasn’t been cancelled or hasn’t been terminated for whatever reason. That is, if the plan is cancelled, your COBRA coverage will also end. If your COBRA coverage has run out or is going to run out, you may want to contact the Nevada Comprehensive Health Insurance Association (ACHIA) who can help you obtain continued health insurance coverage.
Peace-of-Mind is only a Few Clicks Away
Now that you have a solid understanding of the various aspects of health insurance, you are better equipped to understand this often confusing topic. If you already have coverage either through your employer or with COBRA, read through your policy to make sure it is satisfactory. If you don’t have health insurance, this would be a good time to protect your assets from the soaring healthcare costs by filling out a simple form at IndividualHealthInsurance.org so that you can receive your free health insurance quotes today.
