There are several types of health plans available in Nevada. Some plans have lower premiums or higher deductibles than others. You can pick a plan that meets your needs and fits within your budget, depending on your financial situation. A HMO plan can cover the cost for most doctor's appointments. But, emergency care is not covered. HMO plans are usually cheaper than other healthcare plans. However, they have higher deductibles. An EMO plan is similar to an HMO plan, but does not require a referral from your primary care physician.
Silver-tier plans come with lower premiums
Silver-tier state health plans in Nevada are more affordable than gold-tier plans. Families with incomes of up to 250% of the federal poverty level may qualify for cost-sharing reductions under a Silver plan. A family can receive the coverage of a Gold Plan for as low as a Silver plan with these cost-sharing cuts. Some plans also cover office visits without a co-pay.
Gold-tier plans have higher premiums
Nevada's premiums for Gold-tier health insurance plans is generally higher that those for Bronze-tier plans. Nevada's average premium is $578 for a 40-year old, compared with $629 for a Bronze policy. However, premiums are lower when you consider cost-sharing reductions. Cost-sharing reductions allow people with lower incomes to receive a reduction in their deductibles, copayments and coinsurance.
Lower deductibles are available for Bronze-tier Plans
It is important to compare the deductibles for each plan when comparing health insurance plans. While Bronze-tier plans in Nevada are more affordable in monthly premiums than Silver-tier plans, they have higher deductibles. These plans will cover approximately 40% of medical expenses. This type of plan is best for individuals with a healthy lifestyle who want to save money on monthly premiums. Bronze plans won't cover any medical emergency and are not recommended for anyone with a history.
Medicaid is available in Nevada for free
Medicaid is free health insurance available to people with special needs or low income. This state program provides medical coverage to low-income individuals and families through monthly payments sent directly to health care providers. Eligible applicants must be residents of Nevada and a U.S. citizen, permanent resident or citizen. Other qualifying circumstances may also apply. Certain income requirements are also required.
Medicare is less expensive in nevada
Nevada has 558,000 Medicare enrollees. Nevada offers a variety of Medicare plans, including low-cost Medicare Supplement Plans and more comprehensive Medicare Advantage Plans. These plans can pay out-of-pocket costs and are available to those who have become eligible for Medicare after January 1, 2020.
Silver-tier plans provide a health savings account
Many Silver-tier Nevada health plans offer a health savings plan. This is an attractive option for those who cannot afford health care. For those earning between 138%-250% of the federally poverty level, Silver plan members can be eligible for cost sharing reductions. This allows these families to obtain coverage similar to that provided by a Gold policy at a fractional cost.