Competition in Healthcare Keeps Costs Down
The Affordable Care Act has brought health insurance to more Americans than ever before. However, while access to care has improved, the entire system is still inefficient, unreliable and cost-prohibitive. Among the primary causes of this persistent problem is the lack of competition. Consumers still have limited options when it comes to health insurance and health care providers.
More Health Insurance Options in 2020
Traditionally, short-term health insurance plans have been used during times of transition, allowing people to keep health insurance coverage while they’re waiting to obtain long-term comprehensive coverage. In most cases, limited-duration health insurance policies were available for three-month periods. However, as of this current date, 11/15/2019, these plans can be extended to 6 months in Nevada. The plans cannot be renewed. They do not provide pre-existing coverage, most wellness, and Rx is limited. The short term plans, however, provide great coverage for things that happen suddenly and unexpectedly. This option does provide Nevadans with some real insurance protection that is less expensive than an ACA plan. We caution, however, they are not a long term substitute for an ACA plan.
10/1/2019 Changed Everything For Nevadans
Prior to 10/1/2019, insurance companies were required to offer insurance to anyone covering pre-existing conditions with a 90 day wait, but that option is no longer available. This is why “Open Enrollment” from 11/1 to 12/15 of each year is more important than ever.
Signing Up for Health Insurance in 2020 with Nevada Insurance Enrollment
To find out more about the health insurance options available to Nevada residents in 2020 and to get help with finding the best plan for you, talk to a health insurance agent at Nevada Insurance Enrollment. We specialize in helping Nevadans navigate the ever-changing health insurance landscape and find a plan that is right for them, whatever their healthcare needs and budget.
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You Can Still Buy Health Insurance From a Local Agent
The way health insurance is being marketed may give you the wrong impression that Nevada Health Link is the ONLY place to buy health insurance these days, but that is NOT the case. You can continue to buy your health insurance from the same agents and agencies you’ve always bought your health insurance from.
Is Health Insurance Worth The Cost?
If you experience a more extensive medical emergency and require hospitalization, hospital bills may quickly become a burden. A three-day stay, for example, could set you back about $60,000 depending on what tests are ordered and what happens during your stay.
What is Co-Insurance?
Co-insurance means two parties will be paying for the bill. “Co” means joint, mutual, two, or more. The health insurance company will usually pay the larger amount (example 70%) and you as the member will usually pay the lesser amount (example 30%). This would be considered co-insurance 70/30. This (co-insurance) usually happens AFTER the deductible is met.