With open enrollment for health insurance coverage for 2015 right around the corner, many of the Marketplaces are releasing their approved individual and small employer health plan rates for 2015. This article provides an overview of available health insurance rates for Nevada in 2015.
Nevada Health Insurance Marketplace- Approved Carriers for 2015
So far, there are fourteen insurance companies offering individual health insurance plans through Nevada's state-run Marketplace. The carriers are:
5. Freedom Life
6. Golden Rule
7. Health Plan of Nevada
10. John Alden
11. Nevada Health
14. United Healthcare
These carriers are offering 50 different plans throughout the state. The health insurance Marketplace will be available for open enrollment for coverage in 2015 on November 15, 2014.
Nevada Health Insurance Exchange- Individual Plan Rates
The chart below shows available monthly rates for a 30-year-old, a 50-year-old, a family of four with 30-year-old parents and two children, a single parent family of two with a 30-year-old-parent and one child, and a 30-year-old couple without children. These plans are divided into the four “metallic tiers” of coverage to compare plans by level of coverage.
This data is for individuals living in Washoe County, Nevada. Premium rates will vary based on carrier, plan, age, region, family size, and tobacco use.
|Age 30||Age 50||Family
Source: HealthCare.gov (click link for detailed rates by region and plan)
Nevada Health Insurance Marketplace- Premium Tax Credits
The above rates reflect the premium prices before any cost-sharing or premium tax credits, which may further decrease healthcare costs for eligible consumers. The actual premium amount that Nevada residents will be responsible for will depend on their household income.
The premium tax credits cap the cost of health insurance at two to 9.5 percent of the household income for enrollees for households with income up to 400 percent above the federal poverty line (FPL).
For information on how to apply for individual health insurance on the Health Insurance Marketplace see: How to Apply for Individual Health Insurance in 2015.
More information on the state-run Nevada Health Insurance Marketplace is available at healthrates.doi.nv.gov.
To see rates from last year, see Nevada Insurance Exchange Update- Health Plan Rates.
To see information on health insurance options for small businesses in Nevada, see Nevada Small Business Health Insurance Information.
Questions about the individual and family health plan rates for the Nevada Health Insurance Marketplace? Leave a comment below.