Cheapest Health Insurance in Nevada (2024 Plans)


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ByMark Fitzpatrick
Edited byDenise Cristobal
ByMark Fitzpatrick
Edited byDenise Cristobal

Updated: May 22, 2024

Advertising & Editorial Disclosure

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.

MoneyGeek Logo IconCheapestHealth InsuranceNevada
2024

Most Affordable Health Insurance in Nevada

Why Trust MoneyGeek? We downloaded plan data for Nevada directly from the Centers for Medicare and Medicaid Services (CMS).

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Plan data was updated with the CMS exchange data released in October, the latest available data for the 2024 enrollment period.

113Plans Analyzed
 
16Providers Compared

Cheapest Health Insurance in Nevada by Metal Tier

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.

Data filtered by:Results filtered by:
Age:
Age:40
BronzePlanAnthem Bronze Convenient Care X 8500 $0 Virtual PCP $0 Select DrugsCompanyAnthem HealthMonthly Cost$297Maximum Out-of-Pocket$9,450
SilverPlanMyHPN Select Network Silver 4CompanyHealth Plan of Nevada, Inc.Monthly Cost$357Maximum Out-of-Pocket$8,200
GoldPlanEveryday VALUE GoldCompanyAmbetter from SilverSummitMonthly Cost$501Maximum Out-of-Pocket$7,500
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WHAT ARE METAL TIERS?

In the Nevada health insurance marketplace, consumers can choose from plans categorized into different metal tiers, each representing the value of coverage. The tiers include Catastrophic, Bronze, Silver and Gold. Bronze plans tend to have the lowest monthly premiums but higher out-of-pocket expenses. Conversely, Gold-level plans with higher premiums offer more extensive coverage and have lower out-of-pocket maximums. Silver plans balance between the two, offering moderate premium rates and out-of-pocket costs. If you are below 30 or have a qualifying exemption, you may look into Catastrophic plans, which have low monthly premiums and very high deductibles. These plans are meant to protect you from major accidents or medical issues.

Individuals earning below 250% of the Federal Poverty Level are eligible for cost-sharing reductions (CSRs) when they enroll in a Silver plan. CSRs reduce deductibles, copayments and co-insurance, making health care more affordable without increasing the premium. This means that while the monthly payment remains constant, the out-of-pocket expenses when accessing care are significantly lowered, making Silver plans an attractive choice for those who qualify.

Cheapest Silver Plans in Nevada

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.

Data filtered by:Results filtered by:
Age:
Age:40
Health Plan of Nevada, Inc.Monthly Cost$357Maximum Out-of-Pocket$8,200PlanMyHPN Select Network Silver 4
Health Plan of Nevada, Inc.Monthly Cost$358Maximum Out-of-Pocket$8,500PlanMyHPN Select Network Silver 3
Anthem HealthMonthly Cost$365Maximum Out-of-Pocket$8,400PlanAnthem Silver Convenient Care X 5500 $0 Virtual PCP $0 Select Drugs
Anthem HealthMonthly Cost$375Maximum Out-of-Pocket$7,000PlanAnthem Silver Convenient Care X 4500 $0 Virtual PCP $0 Select Drugs
Anthem HealthMonthly Cost$378Maximum Out-of-Pocket$6,600PlanAnthem Silver Convenient Care X 5000

Cheapest Gold Plans in Nevada

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.

Data filtered by:Results filtered by:
Age:
Age:40
Ambetter from SilverSummitMonthly Cost$501Maximum Out-of-Pocket$7,500PlanEveryday VALUE Gold
SelectHealth, Inc.Monthly Cost$519Maximum Out-of-Pocket$8,500PlanSelect Health Med Gold 1000 - no referrals or deductible for office visits
SelectHealth, Inc.Monthly Cost$524Maximum Out-of-Pocket$8,500PlanSelect Health Value Gold 1000 - no deductible for office visits
Anthem HealthMonthly Cost$533Maximum Out-of-Pocket$6,500PlanAnthem Gold Convenient Care X 1000 $0 Virtual PCP $0 Select Drugs
Aetna Health of Utah Inc.Monthly Cost$534Maximum Out-of-Pocket$9,195PlanGold 3: Aetna network of doctors & hospitals + $0 MinuteClinic + $0 CVS Health Virtual Care 24/7

Cheapest Bronze Plans in Nevada

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.

Data filtered by:Results filtered by:
Age:
Age:40
Anthem HealthMonthly Cost$297Maximum Out-of-Pocket$9,450PlanAnthem Bronze Convenient Care X 8500 $0 Virtual PCP $0 Select Drugs
Anthem HealthMonthly Cost$298Maximum Out-of-Pocket$9,450PlanAnthem Bronze Convenient Care X 7500 $0 Virtual PCP $0 Select Drugs
Health Plan of Nevada, Inc.Monthly Cost$301Maximum Out-of-Pocket$8,700PlanMyHPN Select Network Plus Bronze 1
SelectHealth, Inc.Monthly Cost$341Maximum Out-of-Pocket$9,400PlanSelect Health Med Exp Bronze 9400 - no referrals or deductible for office visits
Ambetter from SilverSummitMonthly Cost$342Maximum Out-of-Pocket$9,250PlanEveryday VALUE Bronze

Cheapest Catastrophic Plans in Nevada

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.

Data filtered by:Results filtered by:
Age:
Age:26
Health Plan of Nevada, Inc.Monthly Cost$262Maximum Out-of-Pocket$9,450PlanMyHPN Catastrophic Plan
Hometown HealthMonthly Cost$281Maximum Out-of-Pocket$9,450PlanRenown Catastrophic HMO
Anthem HealthMonthly Cost$288Maximum Out-of-Pocket$9,450PlanAnthem Catastrophic X 9450
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WHAT IS A COST-SHARING REDUCTION?

Cost-sharing reductions (CSRs) are discounts that lower the amount you pay for deductibles, copayments and co-insurance. These reductions are available for Silver health insurance plans and for individuals earning between 100% and 250% of the Federal Poverty Level.

For example, without CSRs, the maximum out-of-pocket of a Silver plan might be $7,900. However, with level two CSRs, the MOOP could drop to $2,500, significantly reducing the potential financial burden of health care expenses.

Cheapest Health Insurance in Nevada by Plan Type

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)
Data filtered by:Results filtered by:
Age:
Age:40
Plan Type:
Plan Type:HMO
Health Plan of Nevada, Inc.Monthly Cost$357Maximum Out-of-Pocket$8,200PlanMyHPN Select Network Silver 4
Health Plan of Nevada, Inc.Monthly Cost$358Maximum Out-of-Pocket$8,500PlanMyHPN Select Network Silver 3
Anthem HealthMonthly Cost$365Maximum Out-of-Pocket$8,400PlanAnthem Silver Convenient Care X 5500 $0 Virtual PCP $0 Select Drugs
Anthem HealthMonthly Cost$375Maximum Out-of-Pocket$7,000PlanAnthem Silver Convenient Care X 4500 $0 Virtual PCP $0 Select Drugs
Anthem HealthMonthly Cost$378Maximum Out-of-Pocket$6,600PlanAnthem Silver Convenient Care X 5000
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WHAT'S THE DIFFERENCE BETWEEN PLAN TYPES?

The most common plan type in Nevada is the Health Maintenance Organization (HMO) plan, but the Exclusive Provider Organization (EPO) plan is also available. Here are the differences between the two plan types:

  • Health Maintenance Organization (HMO): With an HMO, you typically select a primary care physician (PCP) who coordinates all your health care services. HMOs often require referrals from your PCP to see specialists. A major advantage of HMOs is the lower out-of-pocket costs and comprehensive in-network coverage. However, there's limited coverage for out-of-network care, and the need for referrals can be a disadvantage for those wanting more immediate access to specialists.

  • Exclusive Provider Organization (EPO): An EPO plan provides policyholders with a network of health care providers and facilities. You are generally required to use these in-network providers to get coverage, except in an emergency. The pros of an EPO plan include lower premiums and not needing referrals to see specialists within the network. However, the major con is limited coverage for services outside the network, which could mean higher out-of-pocket costs if you go out of network.

Cheapest Health Insurance in Nevada by County

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.

Data filtered by:Results filtered by:
County:
County:Clark
Health Plan of Nevada, Inc.Monthly Cost$357Maximum Out-of-Pocket$8,200PlanMyHPN Select Network Silver 4
Health Plan of Nevada, Inc.Monthly Cost$358Maximum Out-of-Pocket$8,500PlanMyHPN Select Network Silver 3

Health Insurance Costs in Nevada by Age and Metal Tier

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.

Health Insurance Costs in Nevada by Age and Metal Tier

What to Know About Health Insurance in Nevada

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.

Private Health Insurance in the Nevada Marketplace

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 in Nevada

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 in Nevada

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.

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

Nevada Health Insurance FAQ

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.

What are the cheapest Silver and Gold plans in Nevada for 2024?
What are the downsides of a cheap health insurance plan?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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