Buying a short-term plan in Nevada
- Nevada limits short-term plans to no more than 185 days and prohibits renewal.
- Nevada’s health insurance exchange has been active in educating consumers about short-term plans.
- At least five insurers offer short-term plans in Nevada.
How long can short-term plans last in Nevada?
Until October 2, 2018, federal regulations limited short-term health insurance plans to no more than three months in duration, and renewals were prohibited. The Trump Administration is allowing for much longer short-term plans, unless a state imposes its own restrictions.
Nevada regulations (which have been in place since 1997) define short-term health insurance as a plan that lasts no more than 185 days. The coverage cannot be renewed, but can be extended if the insured is hospitalized on the day that the policy would have terminated, with the extended policy period covering the remainder of the patient’s hospital stay.
The Trump Administration’s new rules for short-term plans clarify that states may continue to impose tighter regulations than the new federal rules. So short-term plans in Nevada have maximum terms of 185 days, and continue to be nonrenewable. (In states that don’t impose stricter limits, the new federal rules allow short-term plans to have initial terms of up to 364 days, and total duration, including renewals, of up to three years.)
Nevada’s approach to regulating short-term health insurance plans
The Nevada Division of Insurance maintains a web page with FAQs about short-term plans, and cautions consumers to fully understand the coverage options available to them.
Before the Trump Administration finalized the new regulations to expand access to short-term plans, the Nevada health insurance exchange submitted comments to HHS, strongly objecting to the proposed regulations and explaining how a larger pool of people in the short-term insurance market would result in a smaller, sicker pool of insureds in the ACA-compliant market. After the proposed rule was finalized, the Nevada health insurance exchange published a resource with details about how short-term plans compare to ACA-compliant plans, and a reminder that Nevada law limits short-term plans to 185 days.
Which insurers offer short-term plans in Nevada?
- Companion Life
- Golden Rule (UnitedHealthcare)
- Everest Prime
- National General
- Standard Life
Louise Norris is an individual health insurance broker who has been writing about health insurance and health reform since 2006. She has written dozens of opinions and educational pieces about the Affordable Care Act for healthinsurance.org. Her state health exchange updates are regularly cited by media who cover health reform and by other health insurance experts.