Among the main benefits of Association Health Plans is that carriers can provide health insurance to small groups based on a large group platform. That is to say, some of the underwriting restrictions and plan design limitations of the Affordable Care Act that apply to employers in the small group market do not apply to large groups. Therefore, they are available to AHPs.
The AHPs are not allowed to deny the employers or their employees, nor raise premiums based on their health conditions. They can, however, evaluate the employee coverage based on the differences in the employer’s SIC code or the number of enrolled employees. Also, some AHPs have multiyear age bands or rate guarantees beyond twelve months.
For instance, the Nevada Association Health Plans, currently provided by the Clark County Health Plan Association, have twenty-four months’ premium guarantee, but that would vary on the policy’s effective date, and pricing discounts based on the enrollment numbers. There are more than ten plan designs that employers can choose from, including HMOs, PPOs, point of service plan, and a high-deductible health plan for use with a health savings account.
There are up to three different programs offered by the organization to their employees. The selections are low, medium, and high benefit plans; and all of these plans are Affordable Care Act compliant.
On the other hand, having a two-year rate guarantee is a notable feature. Thus, small group health insurance premiums in Nevada are getting better by double digits every year, and this gives both the the employers and employees the much needed stability.
Elevate Insurance currently has offices in Las Vegas, Nevada and Idaho Falls, Idaho. We proudly serve all of Nevada and Idaho focusing in the cities of Henderson, Las Vegas, and North Las Vegas, Nevada; and in Ammon, Blackfoot, Idaho Falls, Meridian and Rigby, Idaho.
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