About Obamacare in Nevada
To facilitate acquisition of health insurance coverage among US citizens, the federal government initiated the Affordable Care Act (ACA) which is also known as Obamacare. Through Obamacare, Nevadans have the opportunity to have access to quality, affordable health insurance coverage in the marketplace. Statistics show that 73,596 residents of Nevada have been selected or automatically re-enrolled for marketplace health insurance coverage as of Feb 22, 2016. Out of these consumers, 89 percent were qualified for an average $242 tax credit per month. From the 2015 year enrollees in Nevada’s marketplace, 53 percent had acquired coverage for $100 or less after deduction of tax credits. Nationwide, the re-enrolled and selected marketplace consumers was at 11.7 million people. The following sections will offer additional information on Obamacare in Nevada:
- Did Nevada accept the Obamacare Medicaid expansion?
- Does the state or federal government run the health insurance exchange in Nevada?
- Eligibility for Obamacare in Nevada
- How to apply for Obamacare in Nevada
- Health plan cost and availability in Nevada
Did Nevada Accept the Obamacare Medicaid Expansion?
Many ask, “What is the Obamacare Medicaid expansion in Nevada?” The Affordable Care Act Medicaid expansion is an initiative by the federal government to increase the number of marketplace health insurance coverage enrollees. ACA Medicaid expansion has greatly increased coverage for uninsured people since its inception. But what is the expansion of Medicaid doing for Nevada state citizens? The number of uninsured citizens dropped from 20 percent in 2013 to 15.7 percent in 2014. Nevada Obamacare Medicaid expansion aims to provide free healthcare services for people whose incomes are at, or below 133 percent of the federal poverty level. As an Obamacare Medicaid eligibility condition, anyone intending to become a beneficiary of the Obamacare Medicaid expansion must have income at 139 percent or less of the federal poverty level. Each state stipulates its own Obamacare Medicaid expansion details, so NV has stipulated that applicant be two percent lower than the federally stated guides to receive free health coverage. Even though there are direct ACA Medicaid expansion cost to states, Nevada is among the thirty states that accepted the Obamacare Medicaid expansion in order to increase coverage. A total of 208,774 Nevada residents who filled out the Obamacare Medicaid application also acquired Medicaid or Children’s Health Insurance Program (CHIP) by January 2015.
Does the State or Federal Government Run the Health Insurance Exchange in Nevada?
For those who are wondering, “What is the health insurance exchange?” the simple answer is that it is a way the U.S. has determined to provide healthcare insurance for more people. The Obamacare health insurance exchange is a marketplace where applicants interested in getting health insurance can view various plans and select the ones that work for them. Applicants who are still wondering, “What is the marketplace for health insurance?” can view this process as a way of comparing products to select the best one. Obamacare healthcare marketplace is an online platform where consumers can compare and sign up for insurance coverage. During the open enrollment period which starts on November 1, Nevada applicants can apply for Obamacare coverage at the marketplace by using carriers such as Health Plan of Nevada, Prominence, and Anthem BCBS. Besides using the health insurance exchange marketplace for applications, applicants can use it to obtain cost assistance, compare plans, or even switch plans. The Nevada health insurance exchange is state-run, which means that the marketplace health insurance exchange regulations are set by the State.
Eligibility for Obamacare in Nevada
So basically, who is eligible for Obamacare in Nebraska? Well, there are Obamacare coverage eligibility requirements that applicants must meet before they qualify to be beneficiaries. If a candidate wants to know how to qualify for Obamacare, then the following are the conditions. The first condition is that applicants must be citizens of the United States for them to be considered for the Obamacare coverage. Secondly, applicants must be a resident of the county where they want to have the health insurance coverage. Thirdly, and most importantly, applicants or their households must meet Obamacare income requirements of the federal poverty levels. Income levels are used to determine the monthly premiums that applicants pay after they are enrolled for health insurance coverage. Obamacare candidates who would like to get expansion coverage must have incomes at or below 139 percent of the federal poverty levels. When asking oneself “What are the requirements to apply for Obamacare?” be sure to consider all of the above.
How to Apply for Obamacare in Nevada
Applicants should learn how to apply for Obamacare insurance before beginning the process of acquiring the plan. One of the more popular questions is, “What do I need to apply for Obamacare in Nevada?” and most will simply need to gather personal documents and provide information such as age, health conditions, and income levels. When it comes to learning how to get Obamacare in Nevada, the exchange will walk applicants through the process to make it user friendly.
Some of the options for how to enroll in Obamacare include phone call, mail, personal assistants, and most importantly, online. Applicants who still find that they are confused as to where to apply for Obamacare can get assistance on the whole application process by calling marketplace representatives who will guide them through the process. If candidates are used to the convenience of submitting applications through the internet, the question might be, “Can I apply online for Obamacare in Nevada?” and the answer is yes, as it is one of the quickest and most efficient ways to apply. For those who are wondering what is needed to sign up for Obamacare, if the applicant will make sure to have at least the following, the signup process should go smoothly:
- Applicant and family tax information
- Present year’s projected income
- Medical history
- Social security numbers
- Current insurance policy numbers
- Income and employer information for the whole household
- Any other information that concerns policy coverage
Health Plan Cost and Availability in Nevada
Most want to know, “How much will Obamacare insurance cost me in Nevada?” Nevada offers five coverage plans, called Platinum, Gold, Silver, Bronze, and Catastrophic. Catastrophic is only offered to those under the age of 30. So “how much does Obamacare cost?” That depends on the coverage level as well as income and area demographics. Obamacare health insurance price estimates for each of the mentioned plans also depend on the age, subsidy qualification, and smoking status of the applicant. Obamacare health insurance costs and premiums paid by a beneficiary can be greatly reduced if the person qualifies for subsidies, such as tax credits. On average, in Nevada, the average family of four, utilizing the Silver plan, qualifying for subsidies, will pay approximately $250.43 a month. There are over 170 plans to choose from, and four main carriers.