Obamacare affordability or Affordable Care Act are dependent on several things. These are, your age, where you live in Nevada, whether you smoke, whether you qualify for a subsidy and the level of coverage you choose. The ACA is specifically for families who are not currently covered by any form of job-based health plan.
-Your Age – Obamacare states that all Nevada health insurance plans must allow you to enroll regardless of what age you are. However, the cost you will pay will be partly dependent on your age.
-Where You Live in Nevada – You will need to learn more about the costs according to location as premiums are usually dependent on exactly where you live.
-Whether You Smoke – Individuals who use tobacco may be charged up to 50% more in their monthly premiums than people who do not smoke, according to the Affordable Care Act. Additional costs are usually about 20% more. The tobacco surcharge which is added to the monthly premium, may not be covered by the use of subsidies.
-Whether You Qualify for a Subsidy – You could reduce the costs of Obamacare health insurance Nevada, depending on your family size and income. If you qualify for a tax credit you can lower the cost of your monthly premiums when these credits are applied to your monthly premiums directly.This will help you save money immediately. If you are able to meet all the eligibility requirements you will be able to reduce your out-of-pocket costs, as the total annual amount of these will be reduced.
-The Level of Coverage You Choose – With the Bronze plans you will pay the highest out-of pocket cost for health insurance Nevada, although the monthly premiums are the lowest. The additional expenses for the Premium plan are lower than the other plans, but the premiums are the highest. The same essential benefits such as prescription drugs, maternity care and hospitalization are offered by all categories. The amount of care or quality is not affected by the category. If you are under 30 years of age you are able to purchase a 'catastrophic' insurance plan which is lower than Bronze and is additional to other plans. You may be expected to pay a certain amount of your medical expenses under the catastrophic plan. This could amount to several thousands of dollars and these plans don’t qualify for any premium discounts. The rest of the essential health care benefit costs will be paid by insurance.Instead of Obamacare you can opt for a Nevada health insurance like Medicaid or the Children’s Health Insurance Program (CHIP). Families or individuals with a low-income may be able to qualify for low-cost or even free health care coverage through these programs. Qualifying chances may increase as many states will be expanding Medicaid eligibility in 2014.
Obamacare insurance plans offer four levels of coverage: Bronze –- covers approximately 60% of health care costs Silver – covers approximately 70% of health care costs Gold – covers approximately 80% of health care costs Platinum – covers approximately 90% of health care costs You can find out more about these specific plans and their final costs, including whether you qualify subsidies or low-cost care programs, by applying for Nevada health insurance online or give us a call and we will answer any questions that we can.
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contributing writer: oracle
Edited by: Las Vegas Auto Insurance
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