The not-for-profit Nevada Health CO-OP was formed to provide a consumer-centered health insurance option in the Nevada market. “NHC is working responsibly and pro-actively with the Nevada Division of Insurance and the Centers for Medicare and Medicaid Services to ensure that we meet all deadlines and fulfill obligations to our current members.” “With a second year of high claims costs and limited opportunities for new investment, it has become clear that the amount of growth required to provide quality care at reasonable rates will be unlikely in the next plan year,” said NHC CEO Pam Egan. As always, members will need to pay premiums in accordance with plan rules for their coverage to remain in effect. Members can continue to see plan providers and claims will be paid under the terms of the plan. Because non-exchange employer groups can change coverage outside of open enrollment, NHC will work with employer groups who wish to identify alternative coverage prior to the end of the year.
Members will be able to choose 2016 coverage with other carriers when open enrollment begins November 1, 2015. NHC is committed to honoring its individual plans throughout the 2015 plan year to avoid disruption to members and providers. This is all about providing the most affordable, effective health insurance and service possible.” “Rather than spending resources on next year’s uncertain market, we would rather make sure we protect our current members. “It is with deep sadness that based on challenging market conditions, the Board made a painful decision to wind down operations of the Nevada co-op at the end of this year,” said CO-OP Member and Board Director Stacey Hatfield. Since the closure is voluntary, it should have minimal impact to members and providers. At the same time, the Board voted to continue serving members through the end of the year to protect the health insurance of its current membership. Nevada Health CO-OP: LAS VEGAS (August 26, 2015) – The Board of Directors of the Nevada Health CO-OP has voted to cease operations beginning Janudue to market conditions.
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