Who Is the Marketplace for?
Nevada Health Link is the state's Marketplace for health insurance, where you can shop for and buy insurance in person, online, or by phone. The Marketplace in Nevada is being run by the state. The Marketplace, also called an Exchange, is mainly for people who:
- Don’t have insurance
- Aren’t insured by their employer
- Aren’t included in their spouse’s employer insurance
- Have pre-existing conditions and may have had trouble getting insurance before
- Have private insurance but want something less expensive
- Own a small business
The Affordable Care Act requires that most Americans have health insurance starting in 2014. Generally, you don't need to buy insurance through the Marketplace if you are currently covered by Medicaid, Medicare, TRICARE, or an employer-sponsored plan.
When You Can Enroll: The next open enrollment period will be from Nov. 15, 2014, to Feb. 15, 2015.
If you have a life-changing event -- such as the birth of a child, losing your job, or moving to a new state -- you don't have to wait for the next enrollment period. You can sign up or change coverage within 60 days of the event.
Plans and Costs
Types of plans: All the insurance plans on the Marketplace are sold by private companies or co-ops. They can offer four types of coverage: bronze, silver, gold and platinum. These “metal level” plans all cover the same kinds of benefits in Nevada. What differs is how much they pay on average toward the costs of healthcare services. Here’s how it works:
- Bronze Plan: You pay 40% and the plan pays 60%.
- Silver Plan: You pay 30% and the plan pays 70%.
- Gold Plan: You pay 20% and the plan pays 80%.
- Platinum Plan: You pay 10% and the plan pays 90%.
Low cost – or catastrophic – plans are available, especially for people who are under 30 and are healthy. These plans cost less up front, but they don’t give you as much coverage. They generally require you to pay more out-of-pocket costs.
Costs: Companies on the Marketplace can vary costs based on your age, where you live in the state, and your tobacco use. They cannot charge you more because of your sex or your health condition.
Nevada is divided into 4 insurance rating regions. Rates will vary by county, plan level, and age. For example, a cheaper bronze level plan from Nevada Health Co-Op would cost $143 a month for a 25-year-old in Las Vegas. A 40-year-old would pay $227, and a 60-year-old would pay $482. For the least expensive silver level plan from Health Plan of Nevada, monthly premiums would be $186 for a 25-year-old, $237 for a 40-year-old, and $503 for a 60-year-old. Many people will be eligible for tax credits or subsidies that will bring costs down.
Tobacco surcharge: Nevada allows insurance companies to charge tobacco users 50% more than non-tobacco users.
Who Is Selling Insurance in the Nevada Marketplace: Four companies will offer plans: Health Plan of Nevada, Nevada Health Co-op, Anthem Blue Cross Blue Shield, and Saint Mary's Healthfirst.