Section 695K.200 - [Effective 1/1/2030] Design, establishment and operation; availability; requirements1. The Director, in consultation with the Commissioner and the Executive Director of the Exchange, shall design, establish and operate a health benefit plan known as the Public Option.2. The Director: (a) Shall make the Public Option available: (1) As a qualified health plan through the Exchange to natural persons who reside in this State and are eligible to enroll in such a plan through the Exchange under the provisions of 45 C.F.R. § 155.305; and (2) For direct purchase as a policy of individual health insurance by any natural person who resides in this State. The provisions of chapter 689A of NRS and other applicable provisions of this title apply to the Public Option when offered as a policy of individual health insurance.(b) May make the Public Option available to small employers in this State or their employees to the extent authorized by federal law. The provisions of chapter 689C of NRS and other applicable provisions of this title apply to the Public Option when it is offered as a policy of health insurance for small employers.(c) Shall comply with all state and federal laws and regulations applicable to insurers when carrying out the provisions of this chapter, to the extent that such laws and regulations are not waived.3. The Public Option must:(a) Be a qualified health plan, as defined in 42 U.S.C. § 18021; and(b) Provide at least levels of coverage consistent with the actuarial value of one silver plan and one gold plan.4. As used in this section:(a) "Gold plan" means a qualified health plan that meets the requirements established by 42 U.S.C. § 18022 for a gold level plan.(b) "Health benefit plan" means a policy, contract, certificate or agreement to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.(c) "Silver plan" means a qualified health plan that meets the requirements established by 42 U.S.C. § 18022 for a silver level plan.(d) "Small employer" has the meaning ascribed to it in 42 U.S.C. § 18024(b)(2).Added to NRS by 2021, 3617; A 2021, 3645, effective January 1, 2030Amended by 2021, Ch. 537,§38, eff. 1/1/2030.Added by 2021, Ch. 537,§10, eff. 1/1/2026.