CARSON CITY, Nev. (AP) - Nevadans who purchase health insurance through the state exchange will pay more in monthly fees next year to sustain the program.
The Silver State Health Insurance Exchange board on Thursday narrowed its options to three pricing scenarios based on projected enrollments in 2015.
Currently, each medical policy purchased on the exchange carries a $4.95 monthly charge. But that fee will nearly double if not triple in 2015, depending on a final enrollment projection the board decides on when it meets next month.
CARSON CITY, Nev. (AP) - The financial viability of Nevada's health insurance exchange comes under scrutiny as the board overseeing operations considers potential fees to cover next year's operating costs.
There are a lot of elements for the board to consider Thursday. Enrollment, marketing, billing options and continuing enrollment assistants each has a price tag.
Depending on how the board decides to proceed, monthly fees could skyrocket. First-year operations were paid with federal grants. But beginning in 2015, state exchanges must be self-reliant, and Gov. Brian Sandoval has said he will not use general fund sources to support it.
This year consumers who purchased medical plans are paying $4.95 per month.
One big unknown is projected enrollments, which have fallen woefully short. More people signing up means a lesser monthly fee in 2015.