What is Nevada Health Link?
The Nevada Health Link website was created by the state agency, the Silver State Health Insurance Exchange to help you find an affordable health insurance plan that fits your needs and your budget. Through Nevada Health Link individuals can shop for, compare, and purchase qualified health insurance plans with tax credits or subsidies that are based on your income.Nevada Health Link connects individuals to a variety of insurance plans from different health insurance companies, as well as offers tools and resources to help you choose the plan that’s right for you. Nevada Health Link is the only health insurance resource that can provide you with federal tax credits and subsidies to help cover the cost of your insurance.
The Affordable Care Act is intended to provide the lowest cost health coverage for an individual or family based on their income level. For individuals or families whose income is below 138% of the Federal Poverty Line (FPL) the lowest cost option is often Medicaid. Individuals or families whose income is greater than 138% FPL typically will not qualify for Medicaid, but may qualify for financial assistance such as insurance subsidies known as Advance Premium Tax Credits (which lower monthly insurance premiums) or Cost Sharing Reductions (which lower the cost of medical services). In addition, adults who do not qualify for Medicaid may still have children who qualify for assistance through the Children’s Health Insurance Program (CHIP). The most important part of the enrollment process, then, is to determine which level(s) of coverage you or your family may qualify for.
Enrollment for a Qualified Health Plan (QHP) through Nevada Health Link is typically limited to the Open Enrollment Period, which occurs only once per year. The Open Enrollment period begins on November 1 and ends on January 15. In order to receive coverage by January 1, you must complete your application by December 31. If you enroll in January, your coverage will be effective February 1. Individuals who experience certain types of life changes may qualify for a “Special Enrollment Period (SEP),” which allows for changes in enrollment any time of year. Qualifying Life Events include changes to income/employment, residence, or family composition.