Nevada has many types of health plans. Some have lower premiums but higher deductibles. You can choose the plan that best suits your needs. For example, an HMO plan covers the cost of most doctor's visits. But, 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.
Silver-tier plans offer lower premiums
Silver-tier Nevada health plans offer lower premiums compared to 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. For the cost of a Silver, a family could get coverage under a Gold plan. Some plans cover office visits without a minimum deductible.
Premiums for Gold-tier plans are higher
Premiums for Gold-tier health plans in Nevada are generally higher than those for 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. 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 to look at the deductibles when comparing different health insurance plans. You will pay less monthly for bronze-tier Nevada plans but you will have higher deductibles. They will also cover the lowest percentage of medical expenses - about 40%. This type plan is great for people with a healthy lifestyle, who want to lower their monthly premiums. However, it is important to note that bronze plans will only cover medical emergencies and are not ideal for people with a history of medical conditions.
Medicaid is free in Nevada
Medicaid is free coverage for low-income people and those with special medical requirements. 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. Applicants must also meet certain income requirements.
Medicare is lower in Nevada
Nevada has more than 558,000 Medicare participants. 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 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 provide 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. Cost-sharing reductions are available for those who earn between 138% to 250% of the federal poverty line. This allows these families to obtain coverage similar to that provided by a Gold policy at a fractional cost.