Nevada continues To Be A State-Based Health Insurance Exchange
Whether you’re looking for health insurance for yourself or your family, you may become familiar with our website Nevada Health Link. This is the only place to go where you can get government assistance to help you pay for your health insurance in Nevada.
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In most cases, when someone is talking about state-based health insurance, they’re referring to a health insurance plan that is regulated by the Department of Insurance in that state. These plans are sold through state health insurance exchanges. Another viable option is enrolling directly with the health insurance carriers without getting a government subsidy with the help of brokers and agents.
State-Based Health Insurance Exchanges And The Affordable Care Act
In 2010, when the Affordable Care Act was signed into law, states were given the option of choosing whether they wanted to establish their own state-based health insurance exchanges or whether residents would instead obtain health insurance through the federally run platform, known as HealthCare.gov.
Some states already had their own exchanges and decided to simply continue making health insurance accessible to residents that way. While others switched from their own exchange to the federal exchange.
State-based health insurance exchanges come with a lot of benefits to residents. For example, in some states, insurers have to meet coverage and rate requirements for their plans to be sold on the state exchange, ensuring that residents have access to better coverage. In some cases, states may even give priority to health insurance companies that offer benefits that align with the overall health needs of the state. Using the federal portal Healthcare.gov is more expensive than using our own State Based Exchange too.
Is The State-Based Exchange The Only Option For Buying Health Insurance?
No, It’s Not!
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While the state-based exchange may be the most logical place to buy health insurance, it definitely is not your only option. Some Nevadans prefer to purchase health insurance directly from the insurance company. Buying from a private broker like Nevada Insurance Enrollment is also a great option that allows you to see dozens of plans from several different companies. You can also see major medical plans that aren’t sold on the state exchange.
Changes for Nevadans
If you lived in Nevada a in 2014, you will probably remember when Nevada had its own exchange website. We had tremendous technical difficulties that could never be ironed out. Nevada switched to HealthCare.gov and used that platform from 2015 to 2019. In 2020 Nevada went back to Nevada Health Link and this platform has worked tremendously well since.
Shopping With Nevada Insurance Enrollment
If you’ll be shopping for health insurance for 2022, talking to a health insurance agent at Nevada Insurance Enrollment can help you be confident that you’re weighing all of your health insurance options and signing up for a plan that fits your needs and budget. Reach out to us today to learn what the next step is in making sure that you’re covered in 2020.
Read More: Health Insurance in Las Vegas, Nevada
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