KRNV : declared in 14 Nevada counties could have no options on state health insurance exchange

Prominence Health Plan executives say they've decided to exit the health plan exchange marketplace effective Jan. 1, 2018. According to a statement from the Silver State Health Insurance Exchange, Nevada insurance carriers that participate in the state-based exchange will only offer coverage to Washoe, Clark and Nye counties starting in 2018. Anthem Blue Cross and Blue Shield will also reduce coverage to just Washoe, Clark and Nye counties, according to Heather Korbulic, executive director of the Silver State Health Insurance Exchange. In an email sent to all exchange insurance agents and brokers, Prominence said the decision will impact members in Nevada counties. Fourteen Nevada counties could be without qualified health plans on the state's individual insurance exchange next year, according to state officials, news that comes on the heels of one major provider's announced withdrawal.

BRIEF-Suadi's Bupa Arabia renews health insurance contract with SABIC

July 2 Bupa Arabia for Cooperative Insurance :* Renews one-year contract to provide health insurance to Saudi Basic Industries Corporation's (SABIC) employees and their families, starting July 4, 2017* Says insurance contract revenues expected to be greater than 5 percent of FY 2016 gross written premium of co* Expects for insurance contract to have an impact on 2017 financial results Source: (bit.ly/2tzciGa) Further company coverage: )


The rate increases are not final yet. The steep cost increases expected in 2018 for customers who buy insurance on the individual market may not be as bad as initially feared. The Department of Business and Consumer Services issued preliminary decisions Friday on rate requests filed May 1 by seven insurers. The Department also released preliminary decisions on rate requests filed by nine insurers for small group plans offered by small businesses. The small group rates were adjusted up by 1.5 percent to account for a commercial insurer tax imposed by the state.


collected by :Lucy William

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