Board Approves Fees for Nevada Insurance Exchange

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CARSON CITY, Nev. (AP) - A state board has approved fees for policies to be sold on Nevada's health insurance exchange to cover operating expenses.

The Silver State Health Insurance Exchange board approved rates Thursday during a meeting in Carson City. Fees likely will be passed on to consumers.

While the federal government is picking up most of the costs for first year in 2014, the fees will help build up reserves to run the program when federal funding expires.

Health insurance plans that don't include dental coverage will be charged $4.95 per month. Those that include dental will pay a $5.31. A stand-alone dental plan will be assessed 36 cents per month.

Nevada's insurance exchange received preliminary approval from the federal government this month.

Nevada's exchange will begin enrollment in October.