Nevada offers several options for health plans. Some plans have lower premiums while others have higher deductibles. You can select a plan to fit your needs depending on what you need. For example, an HMO plan covers the cost of 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 are similar to HMO plans, but do not require referrals from your primary physician.
Silver-tier plans offer lower premiums
Silver-tier health plans in Nevada have lower premiums that gold-tier plans. Silver plans allow families with incomes that are at least 250% lower than the federal poverty levels to receive cost-sharing savings. This cost-sharing reduction allows a family to receive the coverage of an Gold plan for less than a Silver. A few plans will cover office visits even without a deductible.
Prescriptions for gold-tier plans come with higher premiums
In Nevada, premiums for Gold-tier plans are usually higher than those for Bronze tier plans. Nevada's average premium for 40-year-olds is $578, as opposed to $629 for Bronze plans. 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.
Bronze-tier plans have lower deductibles
It is important that you compare health insurance plans to determine the deductibles. While Bronze-tier plans in Nevada are more affordable in monthly premiums than Silver-tier plans, they have higher deductibles. They will also cover around 40% of medical costs. This type of plan is best for individuals with a healthy lifestyle who want to save money on monthly premiums. The downside is that bronze plans only cover medical emergencies. This plan is not for those who have a history of serious medical conditions.
Medicaid is free in nevada
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. To be eligible, applicants must live in Nevada and be a U.S. citizen or permanent resident. Additional qualifying circumstances could also apply. Some income requirements may also apply to applicants.
Medicare is less expensive in nevada
Nevada has 558,000 Medicare enrollees. There are a number of Medicare plans available in Nevada, from low-cost Medicare Supplement Plans to more comprehensive Medicare Advantage plans. These plans can be used to pay for out of pocket expenses. They are available to anyone who becomes eligible for Medicare in Nevada before January 1, 2020.
Silver-tier plans offer a health savings account
Many Silver-tier Nevada health plans also offer a health savings accounts. This can be an appealing option for people who have trouble paying for healthcare. For Silver plans, those with incomes between 138% and 250% below the federal poverty level can qualify for cost-sharing cuts. This allows these families to get coverage equivalent to that of a Gold plan at a fraction of the cost.