Nevada offers a variety of health plans. Some have lower premiums and higher deductibles than others. Depending on your needs, you can choose a plan that fits within your budget. An HMO plan, for example, covers most doctor's visits. Emergency care is not covered. HMO plans are often cheaper than other healthcare plans, but they come with higher deductibles. EMO plans work in the same way as HMO plans, but you don't need to be referred by your primary healthcare physician.
Silver-tier plans offer lower premiums
Silver-tier Nevada health plans offer lower premiums compared to 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.
Prescriptions for gold-tier plans come with higher premiums
Premiums for Gold-tier health plans in Nevada are generally higher than those for Bronze-tier plans. The average premium for a 40 year-old in Nevada is $578, while the average premium for a Bronze plan is $629. Cost-sharing reductions can make premiums lower. 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. You will pay less monthly for bronze-tier Nevada plans but you will have higher deductibles. They will also cover around 40% of medical costs. This plan is ideal for people who live a healthy lifestyle and want to reduce their monthly premiums. But, bronze plans are only for medical emergencies. They are not suitable for people who have had medical problems in the past.
Medicaid is available in Nevada for free
Medicaid is free insurance that covers health care for those with special medical needs and low income. The state program provides medical coverage for low-income persons and families through monthly payments to their health care providers. In order to be eligible, applicants must reside in Nevada and be either a U.S. citizen (or permanent resident). Additional qualifying circumstances could also apply. The income requirements for applicants must also be met.
Medicare in Nevada is cheaper
Nevada has over 558,000 Medicare beneficiaries. Nevada offers many Medicare plans. They offer everything from basic Medicare Supplement Plans to 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 include a health savings account
Many Silver-tier health insurance plans in Nevada include a savings account. This is a great option for those who have difficulty paying for health care. The Silver plan offers cost-sharing reductions for those who earn between 138% & 250% of federal poverty. This allows these families to obtain coverage similar to that provided by a Gold policy at a fractional cost.