Affordable Individual & Family Health Insurance Nevada, NV
64Affordable Health Insurance in Nevada
Are you looking for a way to save money on health insurance? There really is a way you can buy quality health insurance for hundreds of dollars less than you expected. You can buy a high deductible health insurance plan for hundreds of dollars less per month than any other type of health insurance.
Nevada Low Premium Health Insurance Plans for Individual, Family, and Self Employed
With a High Deductible Health Plan (HDHP) your yearly deductible is higher, and your monthly premiums are a lot lower. Deductibles are the out of pocket expenses you agree to pay before the insurance carrier begins paying for a claim. Once the deductible has been met, the insurance companies generally pay 80% to 100% of your medical expenses for that. The costs of a deductible health plan varies depending on many factors; including, individual versus family coverage, age, where you live in Nevada, and other risk factors.
An individual can have a Health Savings Account (HSA) if they have an approved HDHP.An HSA is a tax-free savings account you contribute to, to pay for medical expenses. If you don't use the money to pay for out-of-pocket medical expenses on a given year, that money will accrue interest for future use.
The most you can deposit into your HSA in 2012 is $3,100 for an individual and $6,250 for a family. Individuals age 55 to age 65 can contribute an additional $1,000 in 2012.
Over time, the money you save on taxes and premiums could easily exceed the amounts you pay in deductibles. When shopping for a new health insurance plan, be sure to give the new high deductible insurance plans serious consideration. You might be able to save a bundle!
Catastrophic and High Deductible Health Insurance Coverage
If you're looking for low insurance premiums but want coverage that picks up the slack when it comes to major medical concerns, a catastrophic health insurance policy might be just what you need. Read on for more information about this cost-saving health insurance strategy.
Also known as "high deductible" or "major medical" insurance, catastrophic health insurance is designed to protect you from potential bankruptcy because of paying back hospital bills after a "catastrophic" event. It also encourages you to shop wisely for routine health care.
Here's how it works:
- You choose a higher-than-normal deductible, usually between $1000 and $2,000, depending on your insurer.
- You agree to cover your own medical costs up to that deductible amount.
- You tend to have affordable monthly premiums.
- Once you spend up to your deductible, your insurance company covers 80 to 100 percent of your medical costs (with certain restrictions).
- These plans often do not provide coverage for preventative care.
People who should consider a catastrophic or major medical plan are:
- not on regular prescription drugs
- have no pre-existing medical conditions
- young and healthy
- students
- not able to afford other insurance plans
- wanting coverage for serious illnesses, hospitalizations, surgeries, etc.
- want short term coverage for 6 to 12 months
As you can see, catastrophic health insurance leaves the choice in your hands. You make the choices that fit you and/or your family best; your insurance company rewards you for taking on a measure of additional financial risk.
Getting Health Insurance Quotes in Nevada
One of the best ways to learn more about Nevada health insurance is to go to an insurance quote website and request quotes. Immediately after you complete their short form, you'll get several low cost HSA/HDHP, HMO, PPO, and POS quotes while still online. After you have your quotes, you can compare plans and visit their websites for more detailed information.
Just click on the following link to get affordable Nevada health insurance quotes and more health plan information. It's fast, it's free, and you're under no obligation! You'll get 4 to 5 competitive quotes for health insurance in Nevada.
