Even Low-Income Nevadans Can Get Health Insurance

There is no reason if you are low income to not have health insurance coverage in Nevada. Because even being in a low-income bracket doesn’t guarantee that you won’t face a serious injury or illness, and you might find yourself with a boatload of medical bills, whether you can afford them or not.

Post - Are You Able To Choose Between Medicaid or Obamacare

The good news is that even those with very limited incomes can get low-cost health insurance or even free medical coverage through the Affordable Care Act’s Marketplace health insurance plans, often referred to as Obamacare, or through Nevada Medicaid. While both ACA (Obamacare) insurance plans and Medicaid help reduce or eliminate your medical costs (you don’t have to cover your medical expenses all on your own,) these two programs are vastly different from one another, and your income and family size will determine which type of coverage you are eligible for.

The Difference Between Obamacare Health Insurance and Medicaid

Obamacare is typically a term used to refer to private health insurance that is purchased through a health insurance exchange. These plans are not provided by the government but are instead covered by health insurance companies like Health Plan of Nevada or Ambetter. While these health insurance plans are not run by the government, they are required to comply with government regulations, namely, the ACA’s 10 essential health benefits.

Medicaid, on the other hand, is a health insurance program that is jointly funded by the federal government and the state government. This government program is a social welfare program and applicants are generally required to have an income lower than 138% of the “Federal Poverty Level” to qualify for Medicaid coverage. While 75% of Medicaid enrollees have managed care plans that are administered by private insurers, these insurers contract with the government to provide Medicaid benefits.

Call us for details
(702) 898-0554

Get a Fast & Free Online Quote

Enrolling in Obamacare Health Insurance vs. Medicaid

Those whose annual income is between 138% or 400% of the federal poverty level may qualify for a Government “subsidy” to help cover the monthly cost of a health insurance plan. You can begin your application for an “On Exchange” (Obamacare) health insurance plan with a “subsidy” by calling us for assistance at (702) 898-0554. If your income is greater than 400%, you will be responsible for the entirety of your monthly premium, and we’ll help you choose an “Off Exchange” health insurance plan. Those whose income is less than or up to 138% of the FPL (federal poverty level) may qualify for free health insurance coverage through Medicaid. Other factors determine Medicaid eligibility too. Unlike Obamacare plans, Medicaid health coverage begins immediately upon acceptance into the program. In some cases, such as during pregnancy, coverage may even be retroactive and cover medical care received prior to enrollment. Because Medicaid is for those with very low income, there is typically no cost-sharing (money you must pay) responsibilities out of pocket.

Understanding Which Health Insurance Coverage You Should Apply For

Wading through the different types of health insurance options that are available can be a challenge, especially when you have budgetary considerations to consider. Choosing Medicaid or Obamacare is not something you can do. Qualifying for Medicaid or Obamacare is based on your income and family size. That’s not something you can decide but is already pre-calculated by your income. Fortunately, our health insurance agents specialize in helping people in all income brackets find the best coverage for their needs and budget. At Nevada Insurance Enrollment, our health insurance agents help you without any costs to you. Their help will NOT raise your costs and they can find and help you apply for health insurance coverage for an Obamacare plan OR enroll into a health insurance plan “Off Exchange” (without a Government subsidy).

Related Articles:

Health Insurance in Las Vegas, Nevada: Changes to Obamacare

FOX 5 Las Vegas – Obamacare Health Insurance Open Enrollment

Health Insurance in Nevada: On Exchange vs. Off Exchange

Health Insurance “Subsidy” aka Advanced Premium Tax Credit

Read More: Health Insurance in Las Vegas, Nevada

Call us for assistance

(702) 898-0554

Serving Las Vegas, Henderson, North Las Vegas and the entire state of Nevada

Four Ways to Enroll

1).  Apply by Phone

(702) 898-0554

2).  Apply in Person

(by appointment ONLY)

Please call to make an appointment

3).  Quote Yourself

get an instant online quote

4).  Help Me With The Quote

an agent will call you

Path Image - Insurance is confusing

Search This Website

Enter a search term here

Generic filters
Exact matches only
Search in title
Search in content

Why Go Anywhere Else?

When you can have an experienced and caring professional guide you.

Insurance Quotes | Plans | Coverage
Nevada Insurance Enrollment small logo - Insurance Agency in Las Vegas, Nevada
Read why it’s smart to use an insurance agent

Nevada Insurance Enrollment

Serving Las Vegas, Henderson, North Las Vegas and the entire state of Nevada

Auto | Homeowners | Health | Life | Medicare | Funeral / Cremation | Group Health | Short Term | Dental & Vision | Travel Insurance