Are you new to Nevada? While there are many benefits of moving from California to Nevada, NV Silver wants to remind senior residents of a new health insurance law they will find useful. This advantage is known as the Nevada birthday rule.
You can think of this law as a special birthday gift from the state of Nevada. While Medicare providers are obligated to inform you of open enrollment for the birthday rule, reaching out to an insurance broker can help you make a quick and informed decision in the future.
The birthday rule is an insurance law that allows seniors with Medicare (also known as Medigap) to lower their insurance rates and save money on prescriptions each year. Most importantly, you are not required to answer health questions that could harm your eligibility or higher your rate. Just keep in mind that your replacement plan should offer equal or lesser benefits for you to qualify.
All Medicare Supplement plans experience at least one rate increase every year. This Nevada health insurance law allows you to shop for plans in your budget around your birthday. Now you can switch your coverage to receive the lowest rate even if your health status has changed. Just follow the requirements for switching plans, and you are guaranteed to be accepted.
*Keep in mind: You have to already have Medicare Supplement, or Medigap to use the birthday rule.
Most people are under the impression that they can only change their Medicare Supplement benefits during the enrollment period, but this isn’t true. Instead, you can switch your plan anytime, but be ready to answer a series of health questions to qualify. Avoiding these questions is what makes the birthday rule so special. Now you can switch plans and never worry about being disqualified from receiving coverage for new health concerns.
One thing to keep in mind is that you can only use the birthday rule around your birthday. You are qualified to switch providers or plans beginning on the first day of your birthday month. The window for enrolling and avoiding new questions lasts 60 days, so you should act fast. Talking with a licensed insurance broker helps you streamline the process and guarantee you receive the best coverage and price possible.
The birthday rule is the best way for you to receive affordable health coverage all year long. Contact us now or visit our site to see how we can help you understand and use the birthday rule to your advantage. NV Silver has an insurance broker in Reno ready to work closely with you and guide you through the process.
With a recent boom in travel across the United States, people should consider using travel insurance to protect their belongings, their money, and, most importantly, their health.
As Nevada’s preferred health insurance broker, we want to make sure you make it to your destination and back home without having to worry about your well-being.
Travel insurance protects you in the event of missing luggage, cancelled transportation or personal injury. This type of insurance serves as a legal contract.
One of the biggest reasons to get travel insurance through NV Silver Insurance is Medical Emergencies.
In the event of an unexpected medical emergency while traveling, there are some steep costs depending on where you’re visiting.
For example: imagine you get into an accident or injure yourself on vacation. The cost of getting an emergency transportation can sometimes exceed costs of $100,000 dollars (depending on location). In addition, some emergency rooms can cost roughly $10,000 per day at the hospital.
To avoid those steep costs - we recommend having this insurance weeks prior to your travel.
All travel insurances have different benefits, rules, conditions and exclusions. Please take the time to read through your policy carefully. These can vary depending on your policymaker.
As a trusted health insurance broker located in Reno, NV, we can help answer questions about your policy if you are unsure about the policy wording.
Luggage and Personal Belongings
Most people buy travel insurance to make sure their belongings will be covered if they get lost. We believe this is the least important part of having travel insurance.
Your items can be replaced, but your health often cannot.
NV Silver Insurance recommends you take care of your items and be wary of where they’re located.
However - If you have higher value items like cameras, laptops or jewelry - some insurance plans will cover the value of those belongings. Be sure to read your policy descriptions and coverage to be sure your items can be replaced accordingly.
Cancelling Your Trip
If you have to cancel your travel plans due to illness, medical reasons or death of a relative - that’s understandable. 
Most travel insurance policies will refund your trip expenses.
The real trouble with this section is certain insurance policies may require a few days notice before cancellation. If that’s the case, review the policy and speak with an expert on your policy - like us at NV Silver Insurance.
*Note: Not all travel insurances cover full expenses after you cancel your trip. Read your insurance descriptions and coverage that’s relevant to your travel plan.*
Talk To Your Insurance Provider
As Nevada’s preferred health insurance broker, we want to provide you with insurance options.
Each kind of insurance offering has different descriptions and coverage. Not sure which plan fits works for you? Contact us by clicking here.
