One of the primary advantages of an Association Health Plan (AHP) is that carriers can offer plans to small groups based on large group platform. In other words, some of the Affordable Care Act underwriting restrictions and plan design limitations that apply to employers in the small group market do not apply to large groups and therefore are available to AHPs.
While Association Health Plans are not allowed to exclude employers or their employees, nor raise premiums based on health conditions; they can rate employee premiums based on such differences in employer's SIC code or number of enrolled employees. Also some AHPs have multi-year age bands or rate guarantees beyond 12 months.
Nevada Association Health Plans for example, currently offered by the Clark County Health Plan Association have a 24 month premium guarantee (depending on the policy effective date), and pricing discounts based on enrollment numbers. Employers have more than 10 plan designs to choose from, including HMOs, PPOs, Point-of-Service and a High Deductible Health Plan for use with a Health Savings Account.
Employers can offer employees a choice of up to three different plans. Perhaps a low, medium and high benefit selection, and all plans are compliant with the Affordable Care Act.
Having a two year rate guarantee is a tremendous feature. Small group health insurance premiums in Nevada have been increasing by double digits every year in Nevada and this gives employers and employees much needed stability.
Why Choose Elevate Insurance as your Broker of Record?
Elevate Insurance works with hundreds of small businesses in Nevada and Idaho to assist them with their employee benefit needs. As a leader in group health insurance options for employers, we are currently an authorized insurance broker in Nevada for the Boulder City Chamber of Commerce, Henderson Chamber of Commerce and the Latin Chamber of Commerce Association Health Plans.
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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