What is the purpose of the Silver State Health Insurance Exchange?

The Silver State Health Insurance Exchange serves as a state-based marketplace where residents of Nevada can shop for and enroll in health insurance plans. Established under the Affordable Care Act, the primary goal of the exchange is to facilitate access to affordable health coverage and to establish a platform for consumers to compare different health insurance options based on their needs.

This exchange enables individuals and families to understand the available health plans, including their costs, benefits, and eligibility for subsidies, which can significantly lower the expense of obtaining healthcare. By providing this comprehensive service, the Silver State Health Insurance Exchange plays a critical role in enhancing access to necessary health services for Nevadans and supporting public health initiatives.

The other options do not align with the primary objectives of the exchange, as it is not focused on providing travel insurance, regulating insurance rates, or specifically catering to small businesses, although there may be functionalities related to small businesses but that is not its core purpose.