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Health Insurance Metal Tier Plans Explained

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Nevada Insurance Enrollment Answers What Is the Difference Between the Metal Tiers?

LAS VEGAS - eTradeWire -- Health insurance companies that sell plans on the Health Insurance Marketplace can offer four types of qualified health insurance plans, including Bronze, Silver, and Gold and Platinum. The plan you choose determines not only the premium you pay but also what portion of your health costs you pay.

What Do the Health Insurance Tiers Cover?
Regardless of the plan you choose, it will provide all 10 essential health care benefits guaranteed to policyholders under the Affordable Care Act. The difference among the plans has to do with how much overall out of pocket costs you'll pay up to your out-of-pocket maximum which is 80% for the Gold, 70% for the Silver and 60% for the Bronze.

To make it easier to shop for coverage, health insurance plans have standardized "metals". The "metal" plan depends on its actuarial value, or the average percentage of health care costs the plan pays vs what the member pays. The more coverage a plan provides, the higher the monthly premium and the fancier the metal level. Gold is better than Silver. Silver is better than Bronze.

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-Bronze plans cover 60% of your medical expenses
-Silver plans cover 70% of your medical expenses
-Gold plans cover 80% of your medical expenses

Read the full article: https://www.nevadainsuranceenrollment.com/health-insurance-metal-tier-plans-explained/

Learn more: https://www.nevadainsuranceenrollment.com/individual-family-health-insurance/

Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com

Nevada Insurance Enrollment
Shelly Rogers

Source: Nevada Insurance Enrollment

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