Health Insurance

Best Cheap Health Insurance in Nevada 2022

Best Cheap Health Insurance in Nevada 2022

Find Cheap Health Insurance Quotes in Nevada

Currently insured?

Cheap health insurance plans in Nevada are available for purchase on the state health insurance marketplace or can be obtained through the government Medicaid plan if your household income falls below 138% of the federal poverty level. We analyzed all Silver health insurance policies in the state and found Ambetter Balanced Care 31 is the cheapest health plan in most Nevada counties. We also dug into the data to find the cheapest policies for Bronze and Gold tiers.

The average cost of health insurance in Nevada is $578 per month for a 40-year-old on a Silver plan.

Select a plan tier to learn more:

Seven insurers in Nevada offer health policies, but only Anthem, Ambetter and Friday Health Plans are available in every county. Aetna, SelectHealth, Hometown Health and Health Plan of Nevada offer plans in a select set of regions.

Cheapest health insurance coverage by metal tier

To help you find the best health policy, we compared the health plans offered on the Nevada exchange and identified those with the cheapest premiums depending on the level of coverage. The table below shows the cheapest health insurance policy for each tier along with its deductible, out-of-pocket maximum and monthly cost for a 40-year-old.

Metal tier
Cheapest plan
Monthly cost (40-year-old)
Deductible
Maximum out-of-pocket
BronzeMyHPN Plus Bronze 1$254$8,700$8,700
SilverAmbetter Value Silver 31$350$5,450$6,450
GoldAmbetter Value Gold 20$405$750$7,500

Health insurance in Nevada falls into three metal tiers: Bronze, Silver and Gold. As the table above shows, Gold tier plans have the highest premiums but lowest deductibles, while Bronze plans have cheap premiums and higher deductibles. For example, the premium for the cheapest Gold policy is 60% more expensive than the premium for the most affordable Bronze policy. But the deductible for the Gold plan is $7,950 less than the Bronze health plan.

A key factor in determining your health insurance cost is your age, as older individuals pay higher rates. In the graph below, we compiled the average cost of a health insurance policy depending on the metal tier and age of the applicant. A 40-year-old will pay about 28% more for coverage compared to a 21-year-old in the same tier. This difference between average premium amounts is even greater for a 60-year-old, who would pay about 112% more than a 40-year-old for the same coverage.

Average cost of health insurance in Nevada by metal tier

Finding the best health insurance coverage in Nevada

When choosing the best health insurance coverage for you in Nevada, consider your level of income and expected medical expenses during the year. Nevada has expanded its Medicaid program under the Affordable Care Act (ACA) to include people with a household income below 138% of the federal poverty level.

If you're not eligible for Medicaid, you can purchase health insurance on the Nevada state exchange. Availability and pricing of health insurance plans will vary by the county you live in, but all counties offer Bronze, Silver and Gold metal policies. These tiers vary by their premium amounts, deductibles and out-of-pocket expenses.

Bronze plans: Best for healthy people

Bronze health insurance is the cheapest type of policy offered in the Nevada state marketplace. These plans have affordable premiums but high deductibles.

Bronze health plans are available to anyone and have low premiums with higher deductibles when compared to Silver and Gold plans. Bronze policies provide low-cost coverage and are best suited for healthy and younger individuals who do not expect to incur large medical costs throughout the year.

The cheapest Bronze plan in Nevada is MyHPN Plus Bronze 1, which costs as little as $254 per month for a 40-year-old. Compare all tiers in Nevada above.

Silver plans: Modest premiums and deductibles

Silver-tier health insurance plans are middle-ground policies with premiums and deductibles that fall between Gold and Bronze policies. For example, the average cost of a Silver plan for a 40-year-old is $578 in Nevada. This is $107 less than the average price for a Gold plan and $109 more than a Bronze policy.

You may be able to use premium tax credits with Gold, Silver and Bronze plans, but Silver policies also offer cost-sharing reductions. If your income falls below 250% of the federal poverty level, you would be eligible for cost-sharing reductions, which provide discounts on the cost of deductibles, copayments and coinsurance.

The cheapest Silver plan in Nevada is Ambetter Value Silver 31 — just note that the most affordable plan in your county may be different. Compare all tiers in Nevada above.

Gold plans: Best for large medical cost coverage

Gold plans are best for people who are older or expect to incur a lot of medical expenses. These plans have the highest premium amounts but also the lowest deductibles, allowing you to save money if you need to use your health insurance frequently. For example, if you need prescription drugs or visit the doctor often, a Gold metal plan would be valuable, as a bigger portion of your medical costs would be covered by the policy.

The cheapest Gold plan in Nevada is Ambetter Value Gold 20 with a $750 deductible — it costs $405 per month for a 40-year-old. Compare all tiers in Nevada above.

Short-term health insurance in Nevada

In Nevada, short-term health insurance can be bought through private health insurance providers outside of the state marketplace. This type of health insurance can be helpful in a situation where you miss open enrollment or lose employer-sponsored health care. However, short-term policies will typically not provide the same benefits as marketplace plans, including not covering essential benefits like maternity and mental health services.

Nevada differs from federal regulations for short-term health insurance plans and instead limits coverage periods to 185 days. Additionally, short-term policies cannot be renewed after the initial coverage period.

Find Cheap Health Insurance Quotes in Your Area

Currently insured?

Best cheap health insurance companies in Nevada

The Nevada exchange has seven health insurance companies that offer coverage:

  • Aetna Health of Utah Inc.
  • Ambetter from SilverSummit HealthPlan
  • Anthem Health
  • Friday Health Plans
  • Health Plan of Nevada
  • Hometown Health
  • SelectHealth

All plans are not available in every county, though. In most Nevada counties, the cheapest Silver plan was offered by Anthem. Friday Health Plans offered the most affordable Silver plan in certain regions, such as Carson City and Douglas County.

Cheapest Silver plan by county

Your county of residence will play a large role in the plans offered and the cost of those health insurance policies. For example, the Ambetter Balanced Care 31 plan, the cheapest Silver option in most counties of Nevada, costs $564 per month for a 40-year-old in Lincoln County, but the cheapest plan in Nye County is the Ambetter Value Silver 31 and costs $350 per month. Below you can see the cost for the cheapest Silver health insurance plans in Nevada by county, with rates for an adult aged 40.

County
Cheapest Plan
Monthly Cost (Age 40)
CarsonFRIDAY Silver: Unlimited $0 Primary Care Visits, $0 Preferred Generic Rx, $0 Mental Health Counseling, $0 Vision Exam, Urgent Care Copay$560
ChurchillAmbetter Balanced Care 31$564
ClarkAmbetter Value Silver 31$350
DouglasFRIDAY Silver: Unlimited $0 Primary Care Visits, $0 Preferred Generic Rx, $0 Mental Health Counseling, $0 Vision Exam, Urgent Care Copay$560
ElkoAmbetter Balanced Care 31$564
EsmeraldaAmbetter Balanced Care 31$564
EurekaAmbetter Balanced Care 31$564
HumboldtAmbetter Balanced Care 31$564
LanderAmbetter Balanced Care 31$564
LincolnAmbetter Balanced Care 31$564
LyonFRIDAY Silver: Unlimited $0 Primary Care Visits, $0 Preferred Generic Rx, $0 Mental Health Counseling, $0 Vision Exam, Urgent Care Copay$560
MineralAmbetter Balanced Care 31$564
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Methodology

ValuePenguin gathered health insurance rates and plan details from Nevada's state health insurance exchange, Nevada Health Link. Using this information, we calculated average rates across each county, by age and by metal tier.

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.