There are several types of health plans available in Nevada. Some have lower premiums but higher deductibles. Depending on your needs, you can choose a plan that fits within your budget. A HMO plan will cover most doctor visits. 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.
Premiums are lower for Silver-tier Plans
Silver-tier health insurance plans in Nevada offer lower premiums than those of the gold-tier plan. 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. In addition, some plans may cover office visits without a deductible.
Plans with gold-tier status have 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. However, premiums are lower when you consider cost-sharing reductions. Cost-sharing reductions are available to those with lower incomes. These reduce the amount they pay in copayments, deductibles and coinsurance.
Lower deductibles are offered by Bronze-tier plans
It is important that you compare health insurance plans to determine the deductibles. You will pay less monthly for bronze-tier Nevada plans but you will have higher deductibles. They cover only 40% of medical expenses. This type plan is great for people with a healthy lifestyle, who want to lower 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 completely free in Nevada
Medicaid is free insurance that covers health care for those with special medical needs and low income. This state program provides health insurance for low-income people and their families by sending monthly payments directly to health care providers. To be eligible, applicants must live in Nevada and be a U.S. citizen or permanent resident. You may also be eligible for other qualifying circumstances. Certain income requirements are also required.
Medicare is lower in Nevada
Nevada has over 558,000 Medicare-enrolled citizens. Nevada has a range of Medicare plans. These plans include low-cost Medicare Supplement Plans as well as more comprehensive Medicare Advantage Plans. These plans may be used to help cover out-of–pocket expenses for those who are eligible for Medicare beginning January 1, 2020.
Silver-tier plans offer 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 Silver plans, those with incomes between 138% and 250% below the federal poverty level can qualify for cost-sharing cuts. These families are able to receive coverage equal to that of a Gold Plan at a fraction the cost.