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On March 11th 2021, President Joe Biden singed the American Rescue Plan Act into law. This $1.9 trillion package intends to combat public health and economic impacts from the COVID-19 pandemic.

More than $86 billion of that package is going directly to public health.

So, what does this mean for Nevadans?


Nevadans Insured by the Affordable Care Act (ACA) & Uninsured Nevadans

Nevada Health Link, the state's online health insurance marketplace, has plans to implement the ARPA subsidy. Which means, those who still have Obamacare under the Affordable Care Act (ACA) are eligible for additional assistance. Those changes will begin starting May of 2021.

There is still a good portion of Nevadans who don't have individual health insurance. Doctors across the state say an estimated 256,000 Nevadans were uninsured as of January 1st of this year. The good news here is those who are uninsured can now enroll in health insurance under the Special Enrollment Period (SEP). The deadline for enrolling in a plan has been moved to August 15th of this year.


A Change In Subsidies

The other benefits of receiving this funding is the opportunity for a majority of Nevadans to receive subsidies for the first time. This includes Nevadans making over 400% of the federal poverty level, according to data.

The previous subsidies were initially positioned to limit costs of an insurance premium to 9.83 percent of household income, while the new, increased subsidies will reduce that cost to 8.5 percent of household income.

Another major change is there won't be a cap on subsidies that previously limited the subsidies to people making less than $51,000/yr , couples making less than $70,000/yr or a family of four making less than $110,000.

We're the Only Nevada Health Link Preferred Broker in Northern Nevada

If you're already insured through Nevada Health Link - you are now able to switch plans if you'd like.

Still not sure on what your options are? We are here to help!

We specialize in individual and family insurance options. Our team is here to walk you through it so you can find the best option for your healthcare needs. Our goal is make sure you receive the best coverage and, by working with NV Silver Insurance, we'll help you sleep better at night knowing you have reliable coverage during these unprecedented times. Contact us today!

John collier, LUTCF, FSS, CC
Fax: (775) 826-2516
NV License #2545207
Gina Espinal-aguerre
Fax: (775) 826-2516
NV License #17287151
Mary Lou Urrutia
Fax: (775) 826-2516
NV License #3590623
David Moncuse
Fax: (775) 826-2516
NV License #3589736
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