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COBRA Insurance in Nevada:

What are your options?

State Insurance Department Information:

Nevada insurance department documents and articles of interest:

 

Cobra Insurance in Nevada:

The Federal Consolidated Omnibus Budget Reconciliation Act (COBRA) allows retiring employees, or those who lose coverage due to quitting a job or reduced work hours, to continue group coverage for a limited period of time. This also applies to their dependents who lose coverage because of divorce or legal separation; death of the covered employee; the covered employee qualifying for Medicare; or a loss of dependent status under the health planís provisions. COBRA applies only to employers with 20 or more employees.


If you qualify for COBRA benefits, your health-plan administrator must give you a notice stating your right to choose to continue benefits provided by the plan. You then have 60 days to accept coverage or lose all rights to the benefits. Once you select COBRA coverage, you may have to pay 100 percent of the total insurance cost, plus a two percent processing fee.

 

If you work for an employer that has over 20 full-time employees:  Then federal COBRA law applies, go to COBRA summary

 

If you work for an employer that has under 20 full-time employees: Nevada has a state continuation program (similar to COBRA).  Plans with 2-19 employees may be eligible for up to 18 months, dependents can qualify for 36 months.


To qualify for continuation coverage, you must have been covered under your former
fully insured group health plan for at least 12 months and you must apply within 60
days of losing your group coverage. Also, you must not have left your former job
voluntarily.


Like under COBRA, you must pay the entire premium (employer and employee
share) for this continuation coverage. Under state continuation, this premium will be
25% higher than your former group health plan premium.


Ask your former employer or the Nevada Division of Insurance about state
continuation coverage if you think it applies to you.

 

What are your options?

  1. Contact your previous employer and ask him/her to give you your COBRA papers so that you may see how much it is to continue your health insurance through the group plan.

  2. Shop for temporary health insurance: if you do not have preexisting conditions and need temporary coverage for 1-6 months then temporary health insurance is a great solution and you will find that it is extremely affordable.

  3. If you have preexisting conditions or pregnant you should try to get on another group plan (or pay for COBRA) as quick as you can or contact your local insurance state department to see what they have available for you.  Many states have a guaranteed issue health insurance plan for individuals who cannot secure coverage through a private health insurer.  Check out our Uninsurable State Risk Pools Resource page.

Nevada State Insurance Department Contact Information:

 

Carson City Office:
788 Fairview Drive
Suite 300
Carson City, Nevada 89701
(775) 687-4270
(775) 687-3937 - Facsimile 
insinfo@doi.state.nv.us
Las Vegas Office:
2501 East Sahara Avenue
Suite 302
Las Vegas, Nevada 89104
(702) 486-4009
(702) 486-4007 - Facsimile


 

Nevada COBRA links:

  

 

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