Cheapest Health Insurance in Nevada (2024 Plans)

Health insurance costs differ with each metal tier. In Nevada, Anthem Health offers competitively priced Bronze plans, while Ambetter from SilverSummit has the most affordable Gold plan option. Health Plan of Nevada, Inc. provides the most affordable options for Silver and Catastrophic plans.

If you are looking to balance monthly premiums with quality claims and coverage, MoneyGeek also reviewed the best health insurance in Nevada.

Health insurance premiums vary by metal tier, with each tier offering a different balance of monthly premium costs against deductibles and out-of-pocket expenses.

The MyHPN Select Network Silver 4 plan by Health Plan of Nevada, Inc. is the most affordable option in the popular Silver tier, with a monthly cost of $357. Silver plans are known for balancing monthly premiums with out-of-pocket costs. For those willing to accept higher out-of-pocket expenses, cheaper Bronze plans are available, such as Anthem Bronze Convenient Care X 8500 $0 Virtual Visits by Anthem Health at $297 monthly.

Here are the most affordable health insurance plans from each metal tier:

• Catastrophic: MyHPN Catastrophic Plan from Health Plan of Nevada, Inc. ($262 per month for a 26-year-old)
• Bronze: Anthem Bronze Convenient Care X 8500 $0 Virtual Visits from Anthem Health ($297 per month)
• Silver: MyHPN Select Network Silver 4 from Health Plan of Nevada, Inc. ($357 per month)
• Gold: Everyday VALUE Gold from Ambetter from SilverSummit ($500 per month)

Note that Catastrophic plans are available only to buyers below 30 years old or with a qualifying medical exemption.

Find more information on cheap health insurance options to consider for your needs.

The MyHPN Select Network Silver 4 plan, offered by Health Plan of Nevada, Inc., stands out as the most cost-effective Silver-tier health insurance in Nevada, with a monthly premium of $357. The three most affordable Silver health insurance plans in Nevada are:

• MyHPN Select Network Silver 4 from Health Plan of Nevada, Inc. ($357 per month)
• MyHPN Select Network Silver 3 from Health Plan of Nevada, Inc. ($358 per month)
• Anthem Silver Convenient Care X 5500 $0 Virtual PCP $0 Select Drugs from Anthem Health ($365 per month)

Silver plans are particularly well-suited for individuals or families who anticipate moderate health care use. They balance monthly premiums with out-of-pocket costs, making them a middle ground between Bronze and Gold plans. Cost-sharing reductions for Silver plans can lower the amount you pay for deductibles, copayments and co-insurance, reducing overall health care expenditure for eligible individuals.

The most affordable Gold tier health plan in Nevada is the Everyday VALUE Gold offered by Ambetter from SilverSummit, with a monthly cost of $500. The three most affordable Gold plans in Nevada are the following:

• Everyday VALUE Gold from Ambetter from SilverSummit ($500 per month)
• Select Health Med Gold 1000 - No Referrals or PCP Required from SelectHealth, Inc. ($519 per month)
• Select Health Value Gold 1000 - No Deductible for Office Visits from SelectHealth, Inc. ($524 per month)

Gold plans are ideal for individuals anticipating higher health care usage, as they tend to offer more comprehensive coverage with lower out-of-pocket expenses upon receiving care. These plans are particularly suitable for those who need frequent care or have existing medical conditions. With higher premiums, Gold plans can provide peace of mind with lower costs when accessing health services.

The most affordable Bronze tier health plan in Nevada is the Anthem Bronze Convenient Care X 8500 $0 Virtual Visit Primary Care offered by Anthem Health at a monthly cost of $297. The three most affordable Bronze health plans in Nevada are:

• Anthem Bronze Convenient Care X 8500 $0 Virtual Visit Primary Care from Anthem Health ($297 per month)
• Anthem Bronze Convenient Care X 7500 $0 Virtual Visit Primary Care from Anthem Health ($298 per month)
• MyHPN Select Network Plus Bronze 1 from Health Plan of Nevada, Inc. ($301 per month)

Bronze plans typically offer lower monthly premiums at the cost of higher out-of-pocket expenses, meaning they could be suitable for individuals who don't expect to need frequent medical care and can handle a higher financial risk in case of unplanned medical events. These plans can also be a good fit for those seeking to keep their monthly health insurance costs as low as possible while maintaining essential health coverage.

The most affordable Catastrophic plan in Nevada is the MyHPN Catastrophic Plan offered by Health Plan of Nevada, Inc., with a monthly cost of $262 for a 26-year-old buyer. The three most affordable Catastrophic health insurance plans available in Nevada are:

• MyHPN Catastrophic Plan from Health Plan of Nevada, Inc. ($262 per month)
• Renown Catastrophic HMO from Hometown Health ($280 per month)
• Anthem Catastrophic X 9450 from Anthem Health ($288 per month)

Catastrophic plans are geared toward individuals below 30 years old who are healthy and don't expect much routine medical care. Consumers with a financial hardship exemption may also qualify. Note that premium tax credits are not available with Catastrophic plans, whereas they are with Bronze plans for those who qualify based on income.

The most popular plan type in Nevada is the Health Maintenance Organization (HMO). The most affordable HMO plan is the MyHPN Select Network Silver 4 from Health Plan of Nevada, Inc. at $357 per month. Nevada residents can also choose from Exclusive Provider Organization (EPO) plans, which balance flexibility and cost.

The most affordable options by plan type are:

• HMO: MyHPN Select Network Silver 4 from Health Plan of Nevada, Inc. ($357 per month)
• EPO: Anthem Silver X EPO 5500 $0 Virtual PCP $0 Select Rx from Anthem Health ($520 per month)

Health insurance rates and availability of certain plans vary by county within Nevada, reflecting the localized approach to health care coverage. Comparing the most affordable plans in the largest and smallest counties by population shows this variation:

• Clark: MyHPN Select Network Silver 4 from Health Plan of Nevada, Inc. ($357 per month)
• Esmeralda: Clear Silver from Ambetter from SilverSummit ($604 per month)

The following table shows the available plans in each county in Nevada.

In Nevada, age significantly affects health insurance rates within metal tiers. For example, an 18-year-old with a Silver plan pays $367 each month, while a 60-year-old pays $1,094 for the same type of plan. That's a difference of $727 every month.

Metal tiers represent different levels of coverage and cost. A 40-year-old with a Bronze plan pays $423 every month, whereas a Gold plan for the same person would cost $659 per month. The Gold plan costs $236 more each month than the Bronze plan.

MoneyGeek broke down all the health insurance options in Nevada for you. We explain private insurance choices you can find in the marketplace, including the different metal levels like Catastrophic, Bronze, Silver and Gold. We also cover Medicaid and Medicare details. We aim to help you understand available options so you can make smart choices about your health care.

In Nevada, the open enrollment period typically begins on November 1 and ends on January 15. During this time frame, residents can shop for private health insurance coverage through Nevada Health Link, the state's official health insurance marketplace. If you miss the open enrollment deadline, you may still be able to enroll in a new plan or modify your existing plan if you qualify for a Special Enrollment Period due to certain life events, such as getting married, having a baby or losing other coverage. Outside of these periods, you generally cannot purchase a marketplace plan unless you qualify for Medicaid or the Children's Health Insurance Program (CHIP).

Medicaid is a joint federal and state program that provides health care coverage to eligible individuals and families with low income. In Nevada, eligibility for Medicaid is based on several criteria, including income level, family size, disability status and other factors. Groups that may be eligible include children, pregnant women, elderly adults and people with disabilities. To qualify, applicants must meet Nevada's specific requirements, which may also take into account citizenship or legal residency status. The aim is to ensure that vulnerable populations have access to medical services and support for their health needs.

Medicare is a federal health insurance program primarily for individuals aged 65 or older, but it also covers certain younger people with disabilities and those with End-Stage Renal Disease or Amyotrophic Lateral Sclerosis. In Nevada, as in other states, residents are eligible for Medicare if they meet the age or specific medical criteria. Medicare Part A covers inpatient hospital stays, care in a skilled nursing facility, hospice care and some home health care. Part B includes services from doctors, outpatient care, medical supplies and preventive services. Part C, known as Medicare Advantage Plans, offers an alternative way to receive your Medicare benefits, which may include additional coverage. Part D covers prescription drugs.

MoneyGeek found the best Medicare Advantage Plans in Nevada and the best Medicare Supplement plans in Nevada.

When looking for health insurance, you may have questions about cost and availability. MoneyGeek responded to frequently asked questions about cheap private health insurance in Nevada to help you learn more.