Nevada offers a variety of health plans. Some plans have lower premiums or higher deductibles than others. You can find a plan that suits your budget depending on your needs. A HMO plan can cover the cost for most doctor's appointments. But, emergency care is not covered. HMO plans can be more affordable than other plans but 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 have 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. For the cost of a Silver, a family could get coverage under a Gold plan. Some plans also cover office visits without a co-pay.
Plans with gold-tier status have higher premiums
In Nevada, premiums for Gold-tier plans are usually higher than those for Bronze tier plans. Nevada's average premiums for 40-year-olds are $578 compared to $629 in a Bronze plan. When you factor in cost-sharing cuts, premiums will be lower. People with lower incomes can qualify for cost-sharing reductions, which reduce the amount they have to pay in deductibles, copayments, and coinsurance.
Bronze-tier plans have lower deductibles
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. They will also cover the lowest percentage of medical expenses - about 40%. This plan is for those who have a healthy lifestyle and wish to save money on 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 health insurance available to people with special needs or low income. This state program provides coverage for low income individuals and families with monthly payments that are sent directly to their health care providers. Eligible applicants must be residents of Nevada and a U.S. citizen, permanent resident or citizen. There may be other circumstances that are eligible. Other income requirements must be met by applicants.
Medicare in Nevada is more affordable
Nevada has 558,000 Medicare enrollees. Nevada offers many Medicare plans. They offer everything from basic Medicare Supplement Plans to comprehensive Medicare Advantage Plans. These plans can help pay for out-of-pocket expenses and are available for people who become eligible for Medicare before January 1, 2020.
Silver-tier plans offer a health savings account
A lot of Silver-tier health plans include a health savings account. This can be very attractive for people who struggle to pay for their 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 can get coverage comparable to that offered by a Gold plan for a fraction of what it costs.