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Health Insurance Quotes in Las Vegas
Health insurance is a must if you want to get the best health care without draining your finances. Thanks to the Affordable Care Act and readily available health insurance quotes in Las Vegas, everyone who wants health insurance can have it. Unfortunately, with over 1,070,000 residents in Las Vegas, there are still 20.70% who don’t have insurance. That’s close to 300,000 residents without a health plan.
There’s a wide range of problems that affect the residents’ overall health and the state of Nevada struggles with many challenges, in spite of having its own state-run exchange and an expanded Medicaid. Fortunately, between 2014 and 2016, the state has been seeing improvements under the Affordable Care Act and Medicaid enrollment has grown 83%.
In 2013, about 20% of residents in Nevada were uninsured but by 2015, the number had gone down to 15.2%. The state percentage for uninsured is lower compared to the percentage of uninsured in Las Vegas.
Your Options for Health Insurance in Las Vegas
The Nevada Health Link is the official Nevada Health Insurance Exchange under Obamacare. If you are looking for a health insurance quote in Las Vegas or a plan, you can compare plan prices and enroll in a health insurance plan that suits you, your loved ones or your small business. Individuals, families and small businesses can use HealthCare.gov to enroll or get information.
In Las Vegas, as well as in the entire state of Nevada, if you need help understanding your coverage options under Obamacare or if you need some assistance on how to sign up for a plan, a certified application counselor can help you. These are referred to as trained navigators, and they provide unbiased information about and health insurance and public programs that you may be eligible for.
Another option is to contact private insurance brokers or agents who can explain your health insurance options and coverage under Obamacare. While trained navigators are not allowed to suggest insurance plans, brokers can point you toward the best health plan for your needs or provide you with a health insurance quote in Las Vegas.
For 2017, the carriers for open enrollment in the state include: Health Plan of Nevada, Prominence, Anthem BCBS (HMO), and Anthem BCBS (PPO).
Choosing the Right Health Plan for You
Before you pick a health insurance plan, you need to know your own health care needs and that of your family (if you’re also enrolling them). You need to have an idea of the treatments you will need, which healthcare providers you will use and how much you can afford to pay for insurance.
The following are the plan coverage levels available:
- Platinum – Insurer pays 90%, you pay 10%
- Gold – Insurer pays 80%, you pay 20%
- Silver – Insurer pays 70%, you pay 30%
- Bronze – Insurer pays 60%, you pay 40%
If you qualify for cost-assistance, it’s recommended that you get a Silver plan. Silver plans are the only ones eligible for cost-sharing reduction subsidies.
You may also consider getting catastrophic coverage if you are under 30 and qualify for hardship exemptions. Such plans only cover the barest minimum of health benefits and you’ll have high deductible and high out-of-pocket expenses. However, it is sufficient to protect you in worst-case situations.
Health Insurance Subsidies and Tax Credits
When you apply for a health insurance quote in Las Vegas or a health coverage plan, you will find out if you are qualified to get subsidies so you can have lower premiums and out-of-pocket expenses. The ACA subsidizes individuals and families with incomes ranging from 139-400% of the Federal Poverty Line, and the CHIP and Medicaid are available for those whose income are at least 139% below the FPL. Subsidies may be given in lump sum in the form of refundable tax credits or paid directly to the insurance provider.
When you sign up for health insurance, you will need to provide your information as well as that of your household. You will need to also provide your Social Security Number and the system will then calculate your subsidies. Keep in mind that since subsidies are reflected as tax credits, you won’t know how much you will be given until the end of the year.
If you don’t have health insurance, you’re not insured by your employer, or if you want to insure your family or small business, then it’s important that you find a health coverage plan that best suits your needs as soon as possible. Doing so will save you from getting into debt if you get seriously ill, and will also ensure you get the best health care possible.
Take a look at our health insurance quotes in Las Vegas and select one that fits your specific health care needs.
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lasvegashealthinsurancequotes.com is not a licensed health insurance carrier, and we are unable to directly issue health insurance policies, or alter existing policies. If you wish to inquire about your current plan, please contact your health insurance provider for more information.