LAS VEGAS (KSNV MyNews3) --
In 34 days, Nevada jumps with both feet into healthcare reform. On October 1, Nevadans will be able to sign up for health insurance plans under the Affordable Care Act.
The Silver State Health Insurance Exchange will be you’re the one stop to shop for different health insurance plans, and many will be eligible for tax credits under the new law.
Currently, 588,000 Nevadans don't have insurance. Almost 1,100 hundred Nevadans are already enrolled in the pre-existing condition insurance plan, which became available in 2010. The state of Nevada received nearly 79 million dollars in federal grant money to set up the health insurance exchange.
According to John Hager, the executive director for the Silver State Exchange, says that the exchange will be ready on October 1.
“Everything that we’ve seen so far indicates that it will be,” Hager said. “It’s been a real nail-biter – there are a lot of things that still have to happen in the next 34 days – but yes, we think it will be ready in October.”
Hager says that the Silver State Exchange is going through heavy testing, and bugs in the system are being ironed out as they are found. Plans also still have to be loaded into the system so that insurance carriers can review the plans that they submitted to ensure that there aren’t any errors and that consumers have all the information that they need to make decisions on which plans they want.
Hager says that all Nevadans are eligible to sign up for health insurance through the exchange, which is will be found on NevadaHealthLink.com
. The only people who will not be eligible to sign up for coverage are undocumented immigrants.
However, Hager adds that government-provided subsidies are only available to those whose income is under 400 percent of the Federal Poverty Level
and are not provided minimum essential insurance coverage through their employer.
In 2013, 400 percent of the Federal Poverty Level is $94,200 per year for a family of four, and $45,960 for an individual. Those who make less than that amount will be eligible for what they call an “advance premium tax credit
,” which recipients can apply to health insurance premiums each month, up to a maximum amount determined by your income and the cost of premiums.
Five insurance carriers are signed up to administer plans through NevadaHealthLink.com