Because of the Affordable Care Act, Nevadans who have insurance are granted more choices and stronger coverage than ever before. Additionally, Nevadans who don’t have insurance or have, but are not satisfied with it, can now receive new rights, protections and benefits.

 

Things you should know:

 

  • The bill brings an end to discrimination for pre-existing conditions.
  • ObamaCare covers preventive services with no deductible or co-pay.
  • The ACA removes lifetime limits on health benefits.
  • ObamaCare brings new coverage options for young adults.
  • The new law makes prescription drugs affordable for seniors.

 

The official ObamaCare enrollment period ended on March 31, 2014. Important Notice: Its urgent, to avoid future fines and penalties, to sign up for health insurance under the Affordable Health Care Act.

 

Nevada Individuals & Families: Find out the most cost efficient healthcare insurance for you.

 

 

The new online Health Insurance Marketplace provides individuals, families and small businesses who are looking for a better deal a new way to find health coverage that fits their needs and their budgets.

 

Promoting Health

 

The health care law promotes better health by increasing support for community health centers and investing in the primary care workforce.

 

The health care law increases the funding available to community health centers nationwide to:

 

  • Support ongoing health center operations.
  • Establish new health center sites.
  • Expand services.
  • Support major capital improvement projects.
  • Help enroll uninsured Americans in the Health Insurance Marketplace.
  • Hire more workers.

 

The Marketplace

 

To check your options you can visit your state’s Marketplace. For Nevada it is NevadaHealthLink.com

 

  • You can start by getting a quote or you can go right ahead to the registration process.
  • Price quotes will reflect any lower costs you may be eligible for based on your income and household size.
  • To get a premium estimate or quote for ObamaCare in Nevada visit the Nevada ObamaCare Exchange.

 

Subsidies

 

What if I can’t afford coverage?

 

The Affordable Care Act provides two programs to help individuals afford coverage through the Marketplace:

 

  • Premium tax credits.
  • Cost-sharing reductions.

 

If one person in your family qualifies for a public health insurance program, such as Medicaid, Nevada Health Link will let you know and you’ll be able to sign them up for that program without filling out a separate application.

 

Subsidies are given as refundable tax credits.

 

The Tax Penalty

 

If someone can afford health insurance and decides not to have coverage in 2014, they may have to pay a fee also known as Tax Penalty. The penalty can be any of the options explained below (whichever is higher):

 

  • 1% of your yearly household income.
  • $95 per person for the year ($47.50 per child under 18).

 

*This fee increases every year.

 

*If you’re uninsured for less than 3 months, you don’t have a make a payment.

 

To avoid the fee you need insurance that qualifies as Minimum Essential Coverage.

 

You’re considered covered and don’t have to pay a penalty if you have any of the following:

 

  • A Marketplace plan.
  • An individual insurance plan.
  • Any employer plan with or without “grandfathered” status.
  • Medicare.
  • Medicaid.
  • The Children’s Health Insurance Program (CHIP).
  • TRICARE.
  • Veteran health care programs.
  • Peace Corps Volunteer plans.

 

Exemptions

 

Some people are exempted from the fee.

 

These include:

 

• Individuals whose health coverage may cost more than 8% of their household income.

 

• Individuals with incomes too low for filing taxes.

 

• Individuals with religious exemptions.

 

• Undocumented immigrants.

 

• Individuals who are incarcerated.

 

• Members of Native American tribes

 

Affordability Hardship

 

You can apply for an affordability hardship exemption if you think you cannot afford to purchase health insurance due to your projected income in the coming year, even though you may qualify for help paying for health coverage through Nevada Health Link.

 

Only the U.S. Department of Health and Human Services can approve you for this exemption.

 

The first step in determining whether you qualify for this exemption is to apply for help paying for your health insurance.

 

  • Apply for help paying for health insurance through Nevada Health Link.
  • The cost of health insurance is considered unaffordable if your projected modified adjusted gross income, minus your bronze plan available for you to purchase on the Nevada Health Link.

 

*Modified adjusted gross income is generally your adjusted gross income plus any tax-exempt Social Security, interest, or foreign income you have.

 

* Bronze plans have the lowest premiums, but the highest co-pays and deductibles.

 

  • To get your APTC amount and the lowest cost bronze plan available to you, you must first apply on Nevada Health Link for help paying for your health insurance.
  • After you apply on Nevada Health Link you will need to print out and mail certain documentation to the U.S. Department of Health and Human Services.

 

For more information please visit the Nevada Health Link.

 

To explore health insurance options access the Marketplace by visiting NevadaHealthLink.com

 

ObamaCare By State