The Affordable Care Act’s (ACA) introduced to a new way of selecting health insurance: by actuarial tier, more commonly referred to as “metal level.”
Individual major medical health insurance plans on the market today are categorized into four tiers based on how covered medical costs are shared between the health insurance policy and you, the policyholder. It has nothing to do with the level of care or covered services included in the plan.[1]
Under the ACA, these tiers have been assigned a metal name: bronze, silver, gold or platinum.
Metal Levels / Categories
| Plan Category | The insurance company pays | You pay |
|---|---|---|
|
Bronze |
60% |
40% |
|
Silver |
70% |
30% |
|
Gold |
80% |
20% |
|
Platinum |
90% |
10% |
To determine what level is best for you or to find out if you could qualify for a subsidy for ACA-qualifying health coverage Schedule an appointment with a licensed agent or Call (312) 726-6565.
See also Bronze Plan, Silver Plan, Gold Plan , Platinum Plan articles.
[1] Understanding Marketplace health insurance categories. HealthCare.gov. https://www.healthcare.gov/choose-a-plan/plans-categories/
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