Just under 100,000 people signed up for insurance through Nevada’s health insurance exchange during the latest enrollment period, according to the state.
The final enrollment tally for the state’s health insurance exchange was 96,379, according to Nevada Health Link.
The number is down from the record 101,409 enrollees from the previous year. Despite the 5% decrease, it is still the second-highest number of enrollments since the exchange launched a decade ago. Enrollment ended on Jan. 15.
“Our success this year, building on the record-setting enrollment from the year prior, shows the value of Nevada creating a state-based exchange,” said Dr. Florence Jameson, Silver State Health Insurance Exchange board chair, in a statement.
“We have made it a priority to reach out and inform consumers about the affordable options available through Nevada Health Link and we’re seeing the incredibly positive results.”
Of the more than 96,000 enrollees, nearly one in five — just over 18,000 — were enrolling in a plan through the exchange for the first time. Last year, the Nevada health insurance exchange had just under 21,000 new enrollees.
Enrollees also had more options to choose from with 163 individual insurance plans available through the exchange. It is the highest number of plans ever offered for an open enrollment period on the exchange, according to Nevada Health Link.
The numbers are a far cry from the Nevada exchange’s first enrollment period in 2013, which was marked by the firing of original contractor Xerox after myriad issues such as long hold times, botched signups and uncredited payments. As a result, the state ended up having to rely on a hybrid model with Healthcare.gov for several years until switching to a state-based exchange again in 2019.
The Nevada exchange also received a boost from the passing of the Inflation Reduction Act in 2022.
The law included an extension of the advanced premium tax credits that could be used to help lower the costs of monthly premiums for plans on the exchange. An estimated 86% of Nevadans who shopped through the state exchange received financial assistance, with about 40% paying premiums of $100 or less, according to Nevada Health Link
“Our top priority is ensuring Nevadans are protected and have access to quality coverage and health care,” said Ryan High, Executive Director of Nevada Health Link.