Before You Cancel Your Health Insurance, Do Your Research

As living costs get higher, many households across Nevada are looking for ways to reduce expenses. For some, cutting down or even eliminating the cost of health insurance may seem like a simple way to keep more money in the bank without reducing their standard of living. This may be especially true for those who are young and healthy and do not expect high medical bills anytime soon.

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Is Health Insurance Worth The Cost?

Avoid the Temptation of Saving Money

Obviously, if you make it through the policy term without using your health insurance, you would have saved hundreds or thousands of dollars by foregoing coverage. The temptation is real! However, if you’ve ever spoken with a licensed financial planner, they always advise to get health insurance. There is an important reason. Without health insurance, it can be a serious gamble. Reason being, just one routine preventative care or mild medical event can result in large medical bills. Simple stitches at an Emergency Room can cost thousands!

A health insurance agent can help you consider your needs and budget and find a health insurance plan that you can afford.

 

Health Insurance Coverage When You Really Need It

The average American health insurance plan for a family of 4 without a government “Subsidy” is $18,000ish per year. Whereas, with a subsidy, what they pay could be much less depending on their income and if they don’t have coverage offered through their employer. Their coverage generally pays the total cost of annual check-ups, which have a value of approximately $200-$300 per person in the family. If the individual needs no other care that year, they could have saved a bundle skipping health insurance coverage. However, medical costs add up quickly. If you experience a simple medical emergency, such as abdominal pain, just checking into the emergency room can cost thousands!! The ER doctor that sees you may charge you another $1,000 or so, depending on what takes place, to provide immediate care. If they order MRIs or CT scans, the price may climb even higher.

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. Fixing a broken leg could cost $7,500. If you are diagnosed with a serious medical condition, you could find yourself hundreds of thousands of dollars in medical debt.

Even if you are not living with any chronic conditions and are in good general health, you could experience an unexpected medical emergency at any time.

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What Does Health Insurance Cover?

Health insurance plans sold on the Marketplace include 10 essential benefits.

These include:

  • Hospitalization
  • Emergency care
  • Pediatric services
  • Prescription drugs
  • Laboratory services
  • Outpatient hospital care
  • Prenatal and postnatal care
  • Rehabilitative and habilitative services and devices
  • Mental health and substance use disorder services
  • Preventive and wellness services and chronic disease management

Some health insurance plans have additional coverage for family planning services, vision and dental care and medical management programs.

 

How to Find Affordable Health Insurance with Nevada Insurance Enrollment

Rather than skipping health insurance coverage, consider looking for a comprehensive plan that fits your needs and budget. At Nevada Insurance Enrollment, our health insurance agents specialize in helping you review plans across multiple companies to find the one that best fits your needs. We can also help you determine whether you qualify for government subsidies that can help lower your monthly premiums.

Building the Best Auto Insurance Policy

Building the Best Auto Insurance Policy

Your auto insurance needs are unique, and your policy should be also. Knowing the right questions to ask your auto insurance agent as you’re building a policy can help ensure that you get great coverage at a great price.

Building the Best Auto Insurance Policy

13 Factors That Affect Your Auto Insurance Price

To determine your premium, your auto insurance company uses a complex algorithm that takes countless factors into consideration. Some of those factors are obviously related to driving, such as how many speeding tickets you’ve had and when you received your last one, the age and type of vehicle you drive, and how many insurance claims you’ve filed in the past.

Building the Best Auto Insurance Policy

Auto Insurance Deductibles: What Are They?

An auto insurance deductible is the amount that you pay out of pocket for damages to your vehicle before your auto insurance company covers any accident-related expenses. Different auto insurance companies offer different deductibles, which customers select when they’re signing up for an auto insurance policy.

 

By page visits (this month)

#1) Health Insurance Subsidy Chart

#2) Health Insurance

#3) Health Insurance WITH a Subsidy

#4) Insurance Blog

#5) Request a Quote

By page visits (this month)

 

#1) Health Insurance Subsidy Chart

#2) Health Insurance

#3) Health Insurance WITH a Subsidy

#4) Insurance Blog Posts

#5) Request a Quote

American Indians and Health Care Reform

Special Health Insurance Considerations for American Indians. If you belong to an Indian Tribe, you get special consideration with health care reform. Some of these include if your Federal Poverty Level is below 300%. You can still also use your Tribal clinics, IHS, etc.