The Cheapest Nevada Health Insurance for Individuals and Families

The cost of health insurance in Nevada's private insurance exchange is calculated based on the coverage amount you choose. The state's private health insurance market is divided into three metal tiers, each having its own deductibles and out-of-pocket maximums. Silver plans, which cost an average of $531 per month for a 40-year-old, provide the best balance of cost and coverage. The “SelectHealth Value Silver 6500 - no deductible for office visits” plan from SelectHealth, Inc. offers the cheapest monthly premium in Nevada at $374 on average.

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Last Updated: 4/27/2022
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Nevada's private insurance exchange is the best place to find a suitable health insurance plan if you don't have one through your employer or are not qualified for Medicare or Medicaid through the government.

It can be hard to find a health insurance plan that is both affordable and provides sufficient coverage. A low-cost plan will provide less coverage, and your deductibles and out-of-pocket maximums will be high. Plans with more coverage, on the other hand, will have high monthly premiums. Those who choose a low-cost policy may find themselves spending more out of pocket before the insurer begins to compensate their medical expenses.

MoneyGeek assessed various plan types in Nevada’s insurance marketplace for different age groups to help you find the cheapest and best health insurance plans in the state.

The Cheapest Health Insurance in Nevada by Metal Tier

The health insurance plans offered in the Nevada insurance marketplace will fall into one of three categories or metal tiers: Bronze, Silver and Gold. The metal tiers were created to help consumers compare health plans across various insurance firms. Prices and cost-sharing for each plan differ according to the tier. Insurer cost-sharing is the highest for Gold plans, whereas Bronze policies have the lowest. Therefore, Gold plans will have high monthly premiums, and Bronze plans will be much cheaper in this regard.

Low-cost plans have higher deductibles and out-of-pocket maximums, whereas expensive plans offer broader coverage with lower deductibles and out-of-pocket maximums. The following are the average monthly health insurance rates in Nevada for the three tiers:

  • Bronze: $410 per month
  • Silver: $531 per month
  • Gold: $630 per month

Premiums, deductibles and out-of-pocket maximums for Nevada private insurance policies may differ greatly between metal tiers. The table below displays the lowest available average monthly premium for each metal tier.

Low-income customers can check if they qualify for cost-sharing reductions applicable to Silver plans. These plans have significantly lower premiums than Gold plans while still giving you more coverage than a Bronze plan. In short, Silver plans give a balance of affordability and coverage and, with cost-saving reductions, are ideal for those seeking high-quality, low-income health insurance in Nevada.

MoneyGeek analyzed premiums for plans available in Nevada based on a sample profile of a 40-year-old. These rates are for HMO and EPO plan types, with HMO being the most widely available type in the state.

Cheapest Health Insurance in Nevada by Metal Tier

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  • Metal Tier
    Plan
    Company
    Monthly Cost
    OOP Max
  • Bronze
    SelectHealth Value Expanded Bronze 6950 HSA Qualified
    SelectHealth, Inc.
    $313
    $6,950
  • Silver
    SelectHealth Value Silver 6500 - no deductible for office visits
    SelectHealth, Inc.
    $374
    $8,000
  • Gold
    SelectHealth Value Gold 1500 - no deductible for office visits
    SelectHealth, Inc.
    $504
    $6,000

The Cheapest Health Insurance in Nevada by Age and Metal Tier

While evaluating the insurance plans from the Nevada health exchange, we noticed that age had a considerable influence on the health insurance premiums. Insurance premiums climb as you get older. A Silver plan in Nevada will cost around $425 per month for a 26-year-old, but the same coverage would cost about $1,127 per month for a 60-year-old person.

Health Insurance Costs in Nevada by Age and Metal Tier

The data from the Nevada insurance marketplace are simply averages based on sample ages and don't consider how income can affect insurance premiums. Seniors in Nevada may get lower rates than the sample rates because insurers take into account tax premiums and other factors. Nonetheless, you won't know your actual premium until you apply for a policy.

The table below shows how prices vary depending on metal tiers and age groups. You can find more information regarding the insurance metal tiers in our comprehensive guide to Nevada health insurance.

Cheapest Health Insurance in Nevada by Age And Metal Tier

Sort by Metal Tier:

Silver

Sort by Age:

40 years

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  • Plan
    Company
    Monthly Rate
  • Bronze
    HMO
    SelectHealth, Inc.
    $224
  • Bronze
    HMO
    SelectHealth, Inc.
    $226
  • Bronze
    HMO
    SelectHealth, Inc.
    $228
  • Bronze
    HMO
    Health Plan of Nevada, Inc.
    $237
  • Bronze
    HMO
    Health Plan of Nevada, Inc.
    $245
Insurance Rates

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The Cheapest Health Insurance in Nevada by County

In Nevada, the cost of health insurance varies depending on where you live. Each state is divided into rating areas, each of which has one or more counties. Health insurance companies look at which rating area your county falls into to compute your monthly insurance premiums. Premiums for counties in the same rating zone are calculated in the same way by insurers.

Nevada's 17 counties are grouped into four rating zones. Friday Silver from Friday Health Plans of Nevada, Inc. is the cheapest Silver health insurance plan in Clark County, Nevada's most populous county. The policy costs $352 a month on average.

For each metal tier, use the table below as a guide to select the cheapest plan in your county.

The average premiums for all counties across all metal tiers were derived using the profile of a 40-year-old individual.

Cheapest Health Insurance Plans in Nevada by County

Sort by county:

Carson City

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  • Metal Tier
    Company
    Cheapest Plan
    Monthly Premium
  • Nye
    Bronze
    Friday Health Plans of Nevada, Inc.
    Friday Bronze
    $254
  • Clark
    Bronze
    Friday Health Plans of Nevada, Inc.
    Friday Bronze
    $254
  • Washoe
    Bronze
    Friday Health Plans of Nevada, Inc.
    Friday Bronze
    $327
  • Carson City
    Bronze
    Anthem Health
    Anthem Bronze Pathway X Guided Access HMO 8550
    $408
  • Douglas
    Bronze
    Anthem Health
    Anthem Bronze Pathway X Guided Access HMO 8550
    $408

The Cheapest Health Insurance in Nevada With High Out-of-Pocket Maxes

Due to generally low medical expenses, healthy young adults in Nevada may pick a low-cost health insurance plan with lower premiums. However, their out-of-pocket maximum will be higher. So, if you face a medical emergency or make frequent visits to the doctor, you will end up paying more money out of your pocket.

For Nevada residents, the cheapest plan with the highest out-of-pocket expense is SelectHealth Value Expanded Bronze 8550 - no deductible for office visits from SelectHealth, Inc. A 26-year-old pays around $254 per month for this plan.

MoneyGeek considered plans with yearly maximum out-of-pocket expenditures of $8,250 or higher for this study.

SelectHealth

SelectHealth Value Expanded Bronze 8550 - no deductible for office visits belongs to the Bronze metal tier and will come with a high deductible.

The Cheapest Health Insurance in Nevada With Low Out-of-Pocket Maximums

If you find that your medical expenses are higher than average, it's best to go with a health insurance plan with a low out-of-pocket limit. Regardless of its higher premiums, you’ll soon reach this plan's low limits if you regularly visit doctors or pay for prescription medication. Once you hit the out-of-pocket limit, your insurance provider will start paying for your medical expenses.

Ambetter Balanced Care 25 HSA (2021) from Ambetter from SilverSummit is Nevada's cheapest health insurance plan with a low out-of-pocket maximum. This plan will cost about $550 per month for an average 40-year-old individual.

MoneyGeek considered plans with a yearly maximum cost of less than $4,250 for this analysis. The maximum out-of-pocket rate for Ambetter Balanced Care 25 HSA (2021) is $4,800, which is more than the threshold of $4,250. However, in comparison with the other policies offered for Nevada residents, this is the policy with the lowest out-of-pocket limit and lowest premiums, on average.

Ambetter from SilverSummit

Ambetter Balanced Care 25 HSA (2021) is a Silver plan, so you can expect average monthly premiums and a low out-of-pocket maximum. You'll quickly reach the maximum out-of-pocket limit if you have substantial medical bills.

Cheapest HMO/EPO Health Insurance Plan in Nevada

You must evaluate your health care needs and preferences to find the best health insurance plan in Nevada. Health Maintenance Organization (HMO) plans are the most common plans offered on the Nevada insurance market. However, the marketplace also has EPO (Exclusive Provider Organization) plans.

The HMO plans in Nevada cover medical assistance from in-network healthcare providers, with the exception of an emergency. You can obtain services from in-network specialists through your primary care physician's reference. These policies are cheaper than other healthcare plans and are ideal if you don't mind higher deductibles in your policy. EMO plans have similar features to an HMO plan. However, unlike an HMO plan, you don't need a referral from your primary doctor to consult specialists in the network.

The following are the cheapest health insurance plans in Nevada, for each available plan type:

  • Cheapest HMO Silver Plan: SelectHealth Value Silver 6500 - no deductible for office visits provided by SelectHealth, Inc., costing an average of $374 per month for a 40-year-old individual
  • Cheapest EPO Silver Plan: Friday Silver offered by Friday Health Plans of Nevada, Inc., costing around $512 a month for an average 40-year-old individual

Cheapest Plan in Nevada With an HSA

Some health insurance plans from Nevada include a health savings account or HSA. HSAs are tax-free savings accounts that may be used to pay for deductibles, copays and other medical expenditures. You will be allowed to have an HSA only if you buy a high-deductible insurance plan. This means you'll benefit from the HSA if you are in good health and rarely have medical expenses.

In a medical emergency, you can use the HSA to pay for your deductibles and copays. These plans are less expensive and allow pre-tax investments for medical benefits. If you don't need the money for medical costs, it will add up as savings, although you will need to pay taxes on it if you use the money for non-medical reasons.

According to MoneyGeek’s research, the following two healthcare plans with an HSA in Nevada are the cheapest in their respective tiers:

Cheapest HSA Bronze Plan: SelectHealth Value Expanded Bronze 6950 HSA Qualified provided by SelectHealth, Inc. costs an average of $313 per month Cheapest HSA Silver Plan: Ambetter Balanced Care 25 HSA (2021) provided by Ambetter from SilverSummit costs an average of $550 per month

HSA plans, as previously noted, usually have high deductibles. If you have an unexpected medical emergency that results in significant expenses, you must be prepared to spend a significant portion of your savings as a deductible.

What to Know About Health Insurance in Nevada

MoneyGeek's study calculated the cheapest health insurance rates using sample data from Nevada's private insurance marketplace. The rates in our analysis may not necessarily be the cheapest possible. Seniors and residents from low-income households may qualify for Medicaid or Medicare, which are generally much cheaper than marketplace plans.

Private Health Insurance on the Nevada Marketplace

The state's insurance exchange categorizes healthcare plans in Nevada into Bronze, Silver and Gold metal tiers. The Bronze plans offer the lowest premiums but the highest out-of-pocket maximums. On the other hand, Gold plans have higher monthly premiums, but the overall cost of this plan will be lower if you use many healthcare services. Gold plans also have very low deductibles and out-of-pocket limits. Regardless, all plans provide the same essential health benefits.

All of the levels listed below fulfill state and federal health insurance requirements. They do, however, differ in a variety of ways.

  • Bronze: Bronze plans are much less costly than higher-tiered insurance plans. Although their monthly premiums are low, their deductibles and out-of-pocket maximums are higher. You can find some Bronze plans quoting thousands of dollars as a deductible. These plans are ideal for healthy people who seldom have medical expenses and are only searching for low-cost health insurance coverage to safeguard them in a medical emergency.
  • Silver: If you want your insurance to cover more of your standard medical expenditures, go with a Silver plan. They are reasonably priced and offer lower deductibles and out-of-pocket maxes than Bronze-tier policies. They're ideal for people who qualify for cost-sharing reductions. If you use a lot of medical care, these plans can help you save hundreds or even thousands of dollars each year when compared to plans belonging to the Bronze tier.
  • Gold: Compared to Bronze and Silver policies, Gold plans have higher monthly premiums but lower out-of-pocket maximums and deductibles. Those who require frequent medical care and are willing to pay higher premiums to cover the bulk of their medical costs will benefit from these plans. If you need regular medical treatments, the overall cost incurred by choosing a Gold plan can be substantially lower than that of a lower-tier plan.

MoneyGeek's data only represents sample rates; you may be qualified for lower-cost plans or more coverage. Your family's income level can significantly affect the insurance rates. If you belong to a family with a monthly income between 100% and 400% of the federal poverty line, you may qualify for premium tax credits. Two-person households in Nevada with yearly earnings between $17,420 and $69,680 are eligible for these tax credits. You can find additional details regarding this through the HealthCare.gov calculator.

The open enrollment period normally falls between November and December, during which time a person can enroll in a new health insurance plan through the exchange. However, the government extended the period due to the COVID-19 pandemic. Additionally, life events, such as marriage, losing your health insurance, having a baby or relocating, may entitle you to a special enrollment period. Enrollment periods for job-based insurance programs may differ. There is no time restriction for applying for Medicaid or the Children's Health Insurance Program (CHIP).

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If your family income falls between 138% and 250% of the federal poverty line, you may be eligible for cost-sharing reductions (CSR) under a Silver plan. Those qualifying for this may even get the coverage of a Gold plan for the price of a Silver plan. This will reduce the plan's deductible, copayments or coinsurance and out-of-pocket maximums. A two-person household earning between $24,040 and $43,550 in Nevada can qualify for these lower rates in 2021.

Medicaid in Nevada

Medicaid is free, making it the most cost-effective choice for qualified Nevada residents. Because Nevada is a Medicaid expansion state, you can qualify for free Medicaid based solely on your household income if it is less than 138% of the federal poverty threshold.

Medicare in Nevada

Medicare, a federal healthcare program, may be accessible to Nevada residents aged 65 and above, as well as those under 65 with a qualifying disability or sickness. Unlike Medicaid, which is usually free, you may have to pay for certain Medicare plan services. In any case, Medicare programs are far less expensive than private health insurance.

Medicare is organized into three parts, each covering a specific service:

  • Part A: Hospital insurance, also known as Part A, covers hospital stays, skilled nursing facility care, hospice care and some home-based health care services.
  • Part B: Part B is your medical insurance, and it covers some doctors' services, outpatient treatments, medical supplies and preventative care.
  • Part D: Prescription medications and some required immunizations belong to this category. It is also known as prescription medication insurance.

Expert Advice: Finding Affordable Health Insurance in Nevada

  1. How do I take advantage of cost-sharing reductions and tax credits for health insurance in Nevada?
  2. Outside of plans on the health insurance exchange, where else can I get health insurance in Nevada?
Makayla Lavender, Ph.D.
Makayla Lavender, Ph.D.

Assistant Professor at the University of Nevada, Las Vegas

Methodology

MoneyGeek's research is based on estimates, and the cheapest plan for you will depend on your individual needs and characteristics. This analysis is intended to serve as a guide and no single plan is guaranteed to be the cheapest in Nevada for you

MoneyGeek collected plans and premiums for health insurance in Nevada from the website for Nevada Health Link for all available metal tiers and across several age groups. Plans and premiums were analyzed in May 2021. 

Health insurance premiums on this page are an estimate and exclude potential premium tax credits and cost-sharing subsidies that users may be eligible for. 

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.