Five Things to Remember Before Buying Nevada Health Insurance Plans

In the state of Nevada, as in every state, specific laws apply to the insurance industry. Before you choose one of many Nevada medical insurance plans, it is important to review how these rules apply to you.

1. Coverage for Clinical Trials

Under Nevada law, insurance companies are required to provide coverage for clinical trials on cancer, prenatal care, chronic fatigue and contraceptives, among others. This is reassuring if you are facing a worrisome health issue and are unsure of how your medical insurance will respond. Because Nevada requires insurance companies to pay, you can take part in any clinical trials for medical treatment and/or medication.

2. Nevada Health Insurance Plans for Employees of Small Businesses

If you work for a small business (defined as 2 to 50 employees), you will not be excluded from medical insurance coverage because of any preexisting medical condition. This means that Nevada health insurance plans for small businesses must be offered on a guaranteed basis. However, an exclusionary period does apply.

3. Exclusionary Period for Preexisting Conditions

Nevada medical insurance plans can deny payment for treatment or medicine relating to a preexisting condition, a policy that heavily favors insurance companies. The exclusion can apply only in cases where the insurance company can prove that a condition has been treated in the past. Because of this rule, it is always a good idea to speak with the customer service rep at your insurer before choosing a plan with such coverage limitations. In many cases, the cost of insurance that allows for treatment of preexisting conditions is cost prohibitive.

4. Spousal Conversion Policy

Nevada health insurance plans allow a spouse who loses his or her job to purchase to a similar policy under their spouse's Nevada medical insurance plan. This policy applies for a limited period of time, but will allow you or your spouse to remain covered until a new employer sponsored policy can be found.

5. Guaranteed Renewability Provision

Nevada allows medical insurance participants to renew their policies annually, regardless of whether their health has declined. This is very important for seniors, who are at risk of being dropped or incurring dramatic rate increases once diagnosed with a serious illness or condition.

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Michael Horvat is a health insurance expert and broker with HealthQuotes.com in Colorado Springs, CO. If you are searching for Colorado health insurance plans or quotes, please give Michael a call anytime at 800-345-0789.

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