2021 Affordable Health Insurance Plans in Nevada

There are currently three health insurance providers in Nevada. The state used the federal exchange for insurance enrollment until 2019, but Nevada is now a fully state-run exchange so residents must enroll in health plans through Nevada Health Link, not HealthCare.gov. The next open enrollment period, for health insurance plans effective in 2022, will begin November 1, 2021.

The uninsured rate in Nevada is approximately 14%, which is higher than the national average. Nevada has the sixth-highest uninsured rate in the United States. (Source)

Highlights and updates

  • Nevada is a fully state-run exchange, so residents now enroll through Nevada Health Link.
  • The Open Enrollment Period for 2022 coverage begins November 1, 2021.
  • Short-term health plans have initial plan terms up to 185 days.
  • Three carriers offer coverage through the Nevada exchange.
  • The average premium increased by 1.7% in 2020.
  • Close to 80,000 residents enrolled in 2020 coverage through the Nevada exchange.
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How to buy health insurance in Nevada

Some Nevada residents may already receive health insurance through an employer or the federal government. For those who do not, there are three private insurance companies that offer health plans through the Nevada state exchange. Health insurance in Nevada is offered in four tiers: Catastrophic, Bronze, Silver and Gold. 

How to apply for health insurance in Nevada

The open enrollment for 2022 health insurance plans in Nevada begins on November 1, 2021. Health insurance plans in Nevada are available to residents via the state exchange.

Health Insurance Carriers In Nevada

There are three health insurance carriers in Nevada: Silver Summit, Health Plan of Nevada, and Anthem Blue Cross Blue Shield.

What Are The Cheapest Health Insurance Companies in Nevada?

The cheapest health insurance plan in Nevada currently has a monthly premium of $292.

How Has Obamacare Helped Nevada’s Uninsured?

In Nevada, the uninsured rate has declined by 41% since the introduction of the Affordable Care Act. (Source)

Nevada is one of the 32 states that voted to expand Medicaid eligibility in 2014 to include adults with annual incomes up to 138% of the federal poverty level. Since its expansion, 276,400 additional Nevada residents have enrolled for Medicaid coverage. Total enrollment in Nevada’s Medicaid program had increased by 83% as of 2016. Nevada is second in total Medicaid enrollment only to Kentucky. (Source)

Nevada Health Insurance Costs Overview

The cost of health insurance in Nevada will depend on many factors, including the carrier you choose, the tier of package you need, and other factors including where you live and your general health status.

The following premiums are calculated for the average 40-year-old.

How Much Does Health Insurance Cost in Nevada?

The average monthly premium for a 40-year-old resident of Nevada is $558 per month. 

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What is the Cheapest Health Insurance Plan in Nevada?

Premiums for the forthcoming year in Nevada are set by an insurer, and approved by the federal health insurance exchange.

Cheapest Nevada Health Insurance Coverage by Metal Tier

Gold Plans

Platinum health insurance plans are not available in Nevada, making gold plans the highest tier of coverage available. Those with chronic illness or ongoing health issues with high medical costs, are ideal candidates for gold plans.

MyHPN Gold 5
Estimated monthly premium:$441
Deductible: $1,750
Out-of-pocket limit: $7,900.

Silver Plans

Silver plans are suited to generally healthy individuals, and have lower premiums than a Gold plan and lower out-of-pocket expenses than a Bronze plan. In Nevada, those with an income below 250% of the federal poverty level may qualify for discounts toward deductibles, copayments, and coinsurance on silver-tier plans. 

MyHPN Silver 9
Estimated monthly premium: $377
Deductible: $6,900
Out-of-pocket maximum: $8,150

Bronze Plans

Bronze plans are ideal for young, generally healthy people who can pay the high out-of-pocket costs associated with a low monthly premium. You can expect a Bronze plan to cover about 60% of your health costs.

Anthem Bronze Pathway X Guided Access HMO 8150
Estimated monthly premium: $292
Deductible: $8,150
Out-of-pocket maximum: $8,150

Nevada Health Insurance Costs by Occupation

What is the average cost of health insurance for a student in Nevada?

In Nevada, children are allowed to stay on their parent’s health insurance plan until they are 26 years old, whether or not they are enrolled in school. Most universities in Nevada require that students be enrolled in health insurance. However, most insurance plans provided by universities and colleges to post-secondary students in the state are exclusive to international, graduate, and professional students, or students studying in specific fields, such as dentistry or nursing. All other students must be enrolled in a private insurance plan. (Source)

Some schools, such as the University of Nevada Las Vegas provide on-campus health services, such as medical office visits and nutrition counselling. These services are covered by a student health fee charged by the university. (Source)

What is the average cost of health insurance for self-employed people in Nevada?

Self-employed individuals will not have access to the health insurance coverage provided by an employer. They must therefore purchase a plan for themselves or their families from a private carrier. The cost of this coverage will vary depending on individual and family needs. Please refer to our list of Cheapest Nevada Health Insurance Coverage by Metal Tier. 

What is the average cost of health insurance for small business owners in Nevada?

Small businesses in Nevada with 1-50 full-time employees can purchase medical coverage from one of 12 insurance companies selling small employer plans in Nevada. (Source)

Small businesses in Nevada may also offer your employees Small Business Health Options Program (SHOP) coverage. Health insurance plans offered through this program are offered by private insurance companies and cover both essential health benefits and treatments for pre-existing conditions. (Source)

Businesses with fewer than 50 full-time employees are not required to provide health insurance in Nevada. However, small businesses that do offer health insurance, which also have 25 full-time employees or less, who earn a salary of less than or equal to $50,000 a year, may be eligible for a tax credit. 

Nevada Health Insurance Costs by Number of Participants

What is the average cost of health insurance for families in Nevada?

The cost of health insurance will depend on the number of people being insured. The cost of a Silver-tier plan for a family of four with two children under the age of 14, earning the average household income for Nevada of $60,365, is $1,692 per month. With financial help available to individuals at this income level, those premiums could be as low as $255 per month. 

What is the average cost of health insurance for individuals in Nevada?

The cost of health insurance for an individual in Nevada will depend on their plan tier and any changes to personal health or existing health conditions. The average cost of health insurance for an individual in Nevada is currently $558 per month.

What is the average cost of health insurance for a child in Nevada?

Nevada Check Up is the state of Nevada’s Children’s Health Insurance Program (CHIP), which provides low-cost health insurance to uninsured children up to 19 years of age who are not covered by private insurance or Medicaid, and whose households qualify as low-income. Nevada Check Up does not require co-pays, but does charge monthly premiums, which are determined by family size and income. Families earning up to 205% of the federal poverty level, or $51,455 for a family of four, qualify for Nevada Check Up coverage. These premiums range in cost from $25 to $80, and are charged quarterly. (Source)

Other Types of Nevada Health Insurance Coverage

Catastrophic health insurance in Nevada

Catastrophic health insurance plans are available to Nevada residents under the age of 30, or those who qualify for a hardship exemption. This type of plan typically has a low premium, but a very high deductible and high out-of-pocket costs. Catastrophic health insurance can be purchased through Nevada Health Link. 

Short term health insurance in Nevada

Nevada residents who missed the open enrollment period or recently lost coverage from an employer may wish to enroll in short-term health insurance. In Nevada, short-term plans have very strict rules: they carry maximum terms of 185 days, and are non-renewable. 

Low-income health insurance in Nevada

Low-income families in Nevada can apply for Medicaid. In Nevada, households with annual incomes of up to 138% of the federal poverty level, or $16,753 per year for an individual, or $34,638 per year for a family of four, may qualify for Medicaid. (Source)

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