There are several types of health plans available in Nevada. Some have lower premiums, while others have higher maximum deductibles. You can find a plan that suits your budget depending on your needs. 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 are similar in concept to HMOs but do not require a referral by your primary care doctor.
Silver-tier plans come with lower premiums
Silver-tier health plans in Nevada have lower premiums that gold-tier plans. Silver plans offer cost-sharing discounts for families with incomes above 250% of the federal poverty limit. With these cost-sharing reductions, a family can get the coverage of a Gold plan for the price of a Silver plan. Some plans also cover office visits without a co-pay.
Gold-tier plans have higher premiums
The premiums for Nevada's Gold-tier health plans are generally higher than for those of Bronze-tier plans. Nevada's average premiums for 40-year-olds are $578 compared to $629 in a Bronze plan. However, premiums are lower when you consider cost-sharing reductions. Low income people may be eligible for cost-sharing cuts, which lower the amount they must pay in copayments, codeductibles and coinsurance.
Bronze-tier plans have lower deductibles
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 cover only 40% of medical expenses. 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 free in nevada
Medicaid is free insurance that covers health care for those with special medical needs and 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 reside in Nevada, be a U.S. Citizen or Permanent Resident. You may also be eligible for other qualifying circumstances. Applicants must also meet certain income requirements.
Medicare in Nevada is more affordable
Nevada has over 558,000 Medicare beneficiaries. Nevada offers several Medicare plans. There are low-cost Medicare Supplement Plans, as well as 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 include a Health Savings Account
Many Silver-tier health plans in Nevada also include a health savings account, which can be a very appealing feature to people who are struggling to pay for health care. The Silver plan offers cost-sharing reductions for those who earn between 138% & 250% of federal poverty. This allows families to have coverage that is comparable to a Gold plan, but at a fraction as much.