Cheapest Nevada Health Insurance Plans (2023)

The most affordable health insurance in Nevada for Silver plans are from Ambetter and SelectHealth, Inc. Ambetter also offers the cheapest Bronze and Gold plans.

Nevada offers various health insurance metal tiers with different premiums, deductibles and maximum out-of-pocket (MOOP) costs.

Nevada’s baseline plan type is a Health Maintenance Organization (HMO). Rates will vary depending on your age, income level and the scope of coverage you like to buy.

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

The cheapest health insurance in Nevada for a Silver plan is the SelectHealth Med Silver 6500 – No Deductible for Office Visits plan from SelectHealth, Inc., at an average monthly premium of $370.

The more valuable metal tiers usually cost more but provide robust coverage for health insurance. We compiled a list of the most affordable health insurance providers in the state by metal tier:

• Catastrophic: MyHPN Catastrophic Plan from Health Plan of Nevada, Inc., $254 per month (for a 26-year-old)
• Bronze: Clear VALUE Bronze from Ambetter, $301 per month
• Silver: SelectHealth Med Silver 6500 from SelectHealth, Inc., $370 per month
• Gold: Everyday VALUE Gold from Ambetter, $467 per month

While lower-premium plans cover basic health care expenses, higher-value metal tiers such as Gold have a higher monthly cost but offer more benefits and lower out-of-pocket maximums.

Nevada’s most affordable Silver plan is the SelectHealth Med Silver 6500 – No Deductible for Office Visits plan from SelectHealth, Inc., offered at an average monthly rate of $370.

Here are the top three cheapest Silver plans in the state:

• SelectHealth Med Silver 6500 – No Deductible for Office Visits from SelectHealth, Inc., $370 per month
• SelectHealth Value Silver 6500 – No Deductible for Office Visits from SelectHealth, Inc., $373 per month
• SelectHealth Med Silver Copay Only Plan from SelectHealth, Inc., $383 per month

Silver plans provide a combination of affordability and coverage, offering lower deductibles than Bronze plans. Eligible individuals can further reduce their monthly payments through cost-sharing reductions, which are exclusively available with Silver plans.

Please note that MoneyGeek's recommendations in this section focus on the HMO plan type since it is the most accessible in Nevada.

In Nevada, the most affordable Gold plan is Everyday VALUE Gold, offered by Ambetter. Its monthly average premium costs $467.

The top three cheapest Gold plans in the state are as follows:

• Everyday VALUE Gold from Ambetter, $467 per month
• SelectHealth Med Gold 1000 – No Deductible for Office Visits from SelectHealth, Inc., $512 per month
• SelectHealth Value Gold 1000 – No Deductible for Office Visits from SelectHealth, Inc., $517 per month

Gold plans are priced higher than Silver plans but generally have lower deductibles and out-of-pocket expenses. While Gold plans may come with higher premiums, they can be a good choice for individuals who anticipate more frequent medical care and want to limit out-of-pocket costs.

The most affordable Bronze health plan in Nevada is Clear VALUE Bronze, offered by Ambetter, at a monthly premium of $301.

The top three cheapest Bronze plans in the state are:

• Clear VALUE Bronze from Ambetter, $301 per month
• MyHPN Select Network Bronze 1 from Health Plan of Nevada, Inc., $316 per month
• Anthem Bronze Convenient Care X HMO 8500 $0 Select Drugs from Anthem, $317 per month

While Bronze plans usually offer the most affordable monthly premiums, they typically come with higher deductibles and out-of-pocket costs, meaning you'll pay more when you receive medical care.

MyHPN Catastrophic Plan from Health Plan of Nevada, Inc. is the cheapest Catastrophic plan in the state, costing a 26-year-old an average of $254 per month.

Here are the top three most affordable Catastrophic plans:

• MyHPN Catastrophic Plan, from Health Plan of Nevada, Inc., $254 per month
• Anthem Catastrophic X HMO 9100, from Anthem, $267 per month
• Renown Catastrophic HMO, from Hometown Health, $300 per month

Catastrophic plans have low monthly premiums but come with very high deductibles. These plans are typically only offered for individuals under 30 or those with a hardship or affordability exemption.

Health Maintenance Organizations (HMOs) are the most common plan types in Nevada, but the health insurance exchange also offers Exclusive Provider Organization (EPO) plans for consumers to choose from.

Our research shows that the most affordable Silver plan from an EPO is:

• FRIDAY Silver Copay: Unlimited $0 Primary Care Visits, Up to $30 Preferred Generic Rx, $0 Mental Health Counseling, from Friday Health Plans of Nevada, Inc., $526 per month

Although slightly pricier, EPO plans provide greater flexibility in accessing out-of-network providers and offer specialist visits without a referral.

It's important to note that not all health insurance plans are accessible throughout Nevada, as availability can vary across locations, even among counties within the state.

The table below shows the cost of Silver plans by county. Use this to view how rates will differ depending on where you are.

Health insurance costs in Nevada can vary significantly depending on the metal tier of a plan.

Here's a breakdown of the average premium cost for each metal tier in Nevada for a 40-year-old consumer:

• Catastrophic: $308 per month (for a 26-year-old)
• Bronze: $398 per month
• Silver: $503 per month
• Gold: $637 per month

There are trade-offs to consider when choosing between metal tiers. Gold and Platinum plans have higher monthly premiums but lower out-of-pocket costs and more comprehensive coverage. In contrast, Bronze and Silver plans have lower premiums but higher out-of-pocket expenses.

As you get older, health insurance costs tend to increase. A Silver plan in Nevada for an 18-year-old costs an average of $396 a month, while the same plan for a 60-year-old is $1,092 a month.

MoneyGeek analyzed data from private health insurance plans to find the most affordable options. These plans are typically accessible to consumers during the open enrollment period and offer a variety of coverage for differing needs.

Low-income individuals may qualify for Medicaid, while seniors or individuals with disabilities may be eligible for Medicare. Medicaid and Medicare are likely more cost-effective and well-suited for those eligible.

Private health insurance in Nevada is open for enrollment from November 1 to January 15. Signing up before December 15 is required if you want your plan to start on January 1. We recommend signing up sooner rather than later so you have the option to modify your plan before the enrollment period ends.

Medicaid is a government-funded health insurance program for low-income individuals, families and children. Since Nevada is a Medicaid Expansion state, you can qualify for free health care if your household income is less than 138% of the federal poverty threshold. The program covers many health care services, like doctor visits, hospital stays, lab tests, prescription drugs and more.

Nevada residents who are disabled or over 65 may be able to receive Medicare benefits. Medicare is a federal health insurance program for seniors and people with disabilities. Unlike Medicaid, you may still have to pay for some expenses with Medicare.

Medicare includes three parts:

• Part A: This part offers hospital insurance, including hospital stays, nursing care and hospice care.
• Part B: This part includes medical insurance covering outpatient doctor visits, medical supplies and preventative care.
• Part D: This part covers prescribed medications and immunizations.

Money Geek also updated the Best Medicare Advantage Plans and the Best Medicare Supplement Plans in Nevada, so you can select the best option for you.

Many people have questions about health insurance premiums, the differences between plans and their availability. We provided answers to the most common questions.