Best Health Insurance in Nevada
Best Overall for Health Insurance in Nevada
Based on our rating system, Hometown Health is the overall best health insurance provider in Nevada, earning a MoneyGeek score of 65 out of 100. The company offers low out-of-pocket costs and an excellent claims processing rating, meaning it is the least likely to deny your claims.
We based scores for this category on Silver plans sourced from Nevada providers, including 120 EPOs and 485 HMOs. Remember that each health insurance plan has unique features, and the best provider will depend on your coverage preferences and health care needs.
Rarely denies customer claims
Offers low out-of-pocket maximums
Charges higher premiums than most insurers
Limited plan types available
Hometown Health is our top pick for Nevada’s best private health insurance provider. The insurer has an average MOOP (maximum out-of-pocket) of $7,450, the second-lowest among seven providers surveyed. That means you will pay less out-of-pocket for your medical expenses. Additionally, Hometown Health ranked the best on claims denial, assuring policyholders that coverage claims will be honored.
However, Hometown Health charges an average monthly cost of $596, the second-highest rate relative to its competitors. It also only offers HMO plans, limiting your coverage options.
The following plans are MoneyGeek’s recommendations for the top health insurance plans from Hometown Health:
- Renown Silver HMO HDHP: $583 per month ($5,800 MOOP)
- Renown Silver HMO: $609 per month ($9,100 MOOP)
Best Health Insurance in Nevada for Low Out-of-Pocket Costs
Aetna offers Nevada’s best health insurance for consumers looking for low out-of-pocket costs. This insurer received a MoneyGeek score of 80 out of 100, ranking at the top of our list because of its low MOOP (maximum out-of-pocket) expenses, affordable monthly premiums and efficient claims processing.
To determine the rankings in this category, we analyzed available Nevada Gold plans. We reviewed 80 EPOs and 215 HMOs.
Low out-of-pocket costs
Low claims denial rating
Offers the second-cheapest premium among its competitors
Limited plan options available
Nevada consumers in the market for a health insurance plan with low maximum out-of-pocket expenses may find the best coverage from Aetna, with a low MOOP cost of $7,000. Despite its low MOOP, Aetna also offers competitive monthly premiums.
This company has an excellent track record for approving its policyholders’ claims. Its low claims denial rating means that you can depend on your insurance to cover in-network medical services.
Aetna offers 10 Gold-tier HMO plans. HMO plans tend to be more affordable than EPO and PPO plans, although you must remain in the network for services other than in an emergency. You will also typically need a referral to see a specialist.
MoneyGeek recommends the following plan from Aetna for Nevadians interested in health insurance with low MOOP costs:
- Gold: Aetna network of doctors & hospitals + $0 MinuteClinic + $0 Telehealth 24/7: $552 per month ($7,000 MOOP)
Best Cheap Health Insurance in Nevada
MoneyGeek determined Nevada's best affordable health insurance companies based on average monthly costs. The winner is SelectHealth, Inc., with a MoneyGeek score of 74 out of 100. Offering an average monthly premium of $386, SelectHealth, Inc. is the cheapest option among the seven insurers surveyed. Our data shows that this provider rarely denies legitimate coverage claims, making it one of the most reliable insurers. We analyzed 120 EPO and 485 HMO plans in the Silver tier for this category.
Remember that lower premiums generally translate to higher out-of-pocket maximums. SelectHealth, Inc. had the highest MOOP of $8,825 in the Nevada Marketplace.
If you're focused soley on cost, MoneyGeek also determined the cheapest health insurance in Nevada.
Offers the cheapest available monthly rates
Seldomly denies coverage claims
High out-of-pocket maximums
Provides limited plan types
SelectHealth, Inc. is our top choice for Nevada’s best cheap health insurance. Plans from this insurer are low-cost, at a monthly average of $386, although the MOOP of $8,825 is higher than its competitors.
While SelectHealth limits you to only HMO plans, it has an exceptional reputation for efficiently processing claim requests, meaning this insurer rarely denies you coverage. It offers 40 Silver HMO plans, giving you options as you shop for insurance. This insurer is an excellent option if you seek low monthly premiums and dependable coverage for your claims.
MoneyGeek recommends the following SelectHealth, Inc. plan:
- SelectHealth Med Silver 6500 - no deductible for office visits: $370 per month ($8,000 MOOP)
Best Health Insurance for Young Adults in Nevada
MoneyGeek’s research found that Nevada’s best health insurance provider for young adults is Aetna. The company earned a MoneyGeek score of 85 out of 100. Its coverage for 26-year-olds costs a monthly average of $283. Policyholders pay maximum out-of-pocket (MOOP) costs of $7,975 on average.
We examined 148 EPO and 421 HMO plans in Bronze and Catastrophic tiers to find Nevada’s best health insurance for young adults. This category’s analysis concentrated on insurers that offer Bronze or Catastrophic health insurance plans. These plans tend to have low monthly costs and high out-of-pocket maximums. To apply for a Catastrophic health insurance plan, you must be under 30 or have a hardship exemption.
Lowest out-of-pocket maximums
Exceptional claims handling
Relatively affordable premiums
Limited to HMO plans
Aetna offers the best health insurance for young adults in Nevada, with policies costing a monthly average of $283 for a 26-year-old, the third lowest rate among the seven companies analyzed. Its MOOP is the lowest available, at an average of $7,975.
One downside is that policyholders are limited to only HMO plans with this provider. HMO plans are usually cheaper but are inflexible about out-of-network claims. However, this insurer seldom denies valid coverage claims, making it a dependable provider for young adults.
MoneyGeek recommends the following Aetna health insurance plans for young adults in Nevada:
- Bronze: Aetna network of doctors & hospitals + Low-cost MinuteClinic + $0 Telehealth 24/7: $305 per month for 26-year-olds and $272 per month for 18-year-olds ($7,100 MOOP)
Best Health Insurance by Plan Type in Nevada
The health insurance marketplace offers different plan types, each varying in cost, provider network, coverage and other benefits. MoneyGeek found that Hometown Health provides the best HMO plans in Nevada, while Friday Health Plans of Nevada, Inc. is the top insurer for EPO plans.
We confined our analysis to Silver plans since these policies typically balance fair premiums and moderate out-of-pocket costs. We reviewed 485 HMO and 120 EPO plans in Nevada for a 40-year-old buyer.
Best for HMO: Hometown Health
Hometown Health is our pick for Nevada’s best HMO health insurance provider. Its plans cost an average of $596 per month, with $7,450 as the average MOOP (maximum out-of-pocket), the second-lowest compared to its competitors.
Hometown Health rarely denies coverage claims, meaning you will likely have a smooth claims-filing experience. The insurer offers 20 Silver HMOs for Nevadians. HMOs are typically more affordable than other health insurance plan types. Although HMO plans are ideal for low monthly premiums, they restrict you to in-network providers unless you have an emergency.
MoneyGeek recommends the following two plans from Hometown Health:
- Renown Silver HMO HDHP: $583 per month ($5,800 MOOP)
- Renown Silver HMO: $609 per month ($9,100 MOOP)
Best for EPO: Friday Health Plans of Nevada, Inc.
Friday Health Plans of Nevada, Inc. offers the only EPO plans in Nevada. This insurer charges a monthly average of $606 and has a MOOP of $8,483. You can rely on this insurer to approve your legitimate coverage claims, as it earned a perfect claims management rating from MoneyGeek.
Nevadians can choose from 120 Silver EPO plans offered by Friday Health Plans of Nevada, Inc. With EPO plans, you do not need a referral to get treatment from a specialist, making them more flexible. However, similar to HMOs, you are limited to your provider network except during emergencies.
We recommend the following EPO plans from Friday Health Plans of Nevada, Inc.:
- Friday Silver HSA: $605 per month ($7,000 MOOP)
- FRIDAY Silver Copay: Unlimited $0 Primary Care Visits, Up to $30 Preferred Generic Rx, $0 Mental Health Counseling: $526 per month ($8,700 MOOP)
Best Short-Term Health Insurance in Nevada
Nevada’s best short-term health insurance provider is National General Accident & Health, earning a MoneyGeek score of 95 out of 100.
Short-term insurance allows you to get temporary coverage while waiting for the open enrollment period, switching jobs or undergoing an event that creates a gap in your health plan. Note that even the best short-term health insurance in Nevada should not replace your marketplace plan. Short-term coverage may lack essential coverages, and the overall cost may be high since you may not qualify for tax credits and subsidies.
National General Accident & Health
National General Accident & Health is our pick for Nevada’s short-term medical insurance due to its balance of cheap monthly costs and excellent customer satisfaction. This insurer offers an array of plan options to its policyholders.
Interested buyers may purchase plans with coverage spans as short as 30 days to a maximum of one year. These plans feature discounts, prescriptions and urgent care services. You can purchase a policy for yourself, your business or your family. Aside from short-term plans, the company also provides Medicare, fixed-benefit and supplemental coverages, plus policies specifically for dental, vision care, critical illness and accidents.
How to Find the Best Health Insurance for You in Nevada
Your best option for private health insurance in Nevada will depend on your budget and medical needs. A reasonable provider will meet your coverage requirements at affordable premiums and out-of-pocket costs. Here are two essential considerations for determining your best insurer when purchasing a health insurance plan.
Understand when a health insurance plan will cover you
The coverage and benefits you receive from your health insurance policy will depend on your preferred plan type. HMO plans often cost the least, but policyholders must adhere to a strict network of providers. Meanwhile, EPO plans cost slightly more but offer more flexibility when accessing out-of-network health care services. We suggest you establish whether the health insurance plan you want to purchase will meet most of your needs at reasonable costs.
You can select from 1,121 HMO plans and 348 EPO plans across different metal tiers in Nevada.
Weigh the cost of premiums vs. the cost of care
A cheaper health insurance plan makes sense if you do not anticipate frequent medical services. That’s because low-premium plans usually feature higher MOOP limits and may not be cost-effective for individuals with recurrent medical costs.
To highlight how health insurance rates vary across metal tiers for different customers, we can compare our picks for the best insurers in Nevada. SelectHealth, Inc., offers the “SelectHealth Med Silver 6500 - no deductible for office visits” plan at a monthly average of $370 and $8,000 MOOP. Meanwhile, Aetna’s best Gold plan, “Gold: Aetna network of doctors & hospitals + $0 MinuteClinic + $0 Telehealth 24/7,” offers a monthly average rate of $522 at a $7,000 MOOP.
Gold plans tend to have higher premiums and lower MOOPs, while lower-tier plans offer cheaper monthly expenses at higher MOOP costs.
Consider Nevada Medicare or Medicaid if You’re Eligible
You can consider Medicare if you meet the eligibility requirements of being 65 or older or having a qualifying disability or illness. This government-run program offers you access to cheaper health insurance than private plans. It includes the following services:
- Part A (Hospital Insurance): Pays the expenses relating to nursing care, hospice care, hospital stays and covered home-based care.
- Part B (Medical Insurance): Pays for outpatient care, preventative services, medical supplies, doctor appointments and similar services.
- Part D (Prescription Drug Coverage): This covers the cost of vaccines, shots and prescription drugs.
Depending on your health insurance needs, Medicare may not be adequate, and in this case, you may need to consider private health insurance coverage. To determine your best options, you can view our recommendations for Nevada’s best Medicare Advantage and best Medicare Supplement plans.
Since Nevada is a Medicaid expansion state, you can also access Medicaid at no cost. This program is another government health insurance option you may qualify for if your income is below 138% of the Federal Poverty Level.
Frequently Asked Questions About Health Insurance in Nevada
Health care insurance buyers frequently wonder about the availability and cost of plans. MoneyGeek answered some commonly asked questions about health insurance in Nevada.
About Mark Fitzpatrick