The American Rescue Plan, which was signed into law on March 11, provides deep health insurance savings to more Nevadans than ever before. While the federal legislation that funds the new insurance premiums is complex, we’re here to simplify it for you. Here’s what you need to know:
- More Nevadans Qualify Than Ever Before: New insurance premium savings apply to even Nevadans making more than 400% of the federal poverty level. So even if you think you don’t qualify for financial assistance (subsidies or tax credits), you may actually have significant savings waiting to be claimed.
- Premiums for the Unemployed Start at $0: The American Rescue Plan provides subsidies for Nevadans who have recently received unemployment insurance. Those premiums can be as low as $0.
- Insured Nevadans Can Save: If you already have insurance purchased through Nevada Health Link, or through another provider, you can still save. Nevada’s special enrollment period allows you to update your enrollment, enroll in coverage and claim those savings through August 15, 2021.
- For Uninsured Nevadans, Coverage Has Never Been Cheaper: If you are uninsured because health insurance has always been out of your reach, now is the time to check back with Nevada Health Link. The cost of health insurance has dropped dramatically and you might be surprised at how inexpensive quality insurance plans have become.
Nevada Health Link is entering a special enrollment period where insured and uninsured Nevadans can take advantage of these new, drastically reduced insurance premiums. This enrollment period will last until August 15. We urge all Nevadans to log on or shop and see how much they can save on health insurance. These savings will hopefully enable Nevadans to allocate their hard-earned money to meet their families’ other essential needs such as food, clothing and housing.
Nevada Health Link has updated the system and implemented the rules for Unemployment Insurance and the American Rescue Plan expanded and increased subsidies. Check now to see how much you can save, or to see how inexpensive it is to get health coverage for yourself or your family.
