Nevada’s Section 1332 Innovation Waiver Explainer

On January 10, 2025 the U.S. Department of Health and Human Services approved Nevada’s 1332 waiver request to create the Nevada Coverage and Market Stabilization Program. This waiver takes a unique approach to increasing affordability for Nevadans and strengthen the long term sustainability of the market in Nevada by leveraging the savings created by establishing a public option to support three new initiatives – a state-based reinsurance program, quality incentive payment program tied to improved outcomes for participating carriers and providers, and student loan repayment program for providers.

The below document summarizes what the waiver is and what it will mean for Nevadans.