Plans in the Health Insurance Marketplace are presented in 4 “metal” categories: Bronze, Silver, Gold, and Platinum. (“Catastrophic” plans are also available to some people.)
FYI Metal categories are based on how you and your plan split the costs of your health care. They have nothing to do with quality of care.
Plan Category | The insurance company pays | You pay |
---|---|---|
Bronze |
60% |
40% |
Silver |
70% |
30% |
Gold |
80% |
20% |
Platinum |
90% |
10% |
IMPORTANT: If you qualify for cost-sharing reductions you must pick a Silver plan to get the extra savings. You can save hundreds or even thousands of dollars per year if you use a lot of care.
Find out how to use total costs of care to pick a category and plan that work for you.
Note: Plans in all categories provide free preventive care, and some offer selected free or discounted services before you meet your deductible.
No matter which metal category you choose, you can save a lot of money on your monthly premium based on your income.
When you fill out a Marketplace insurance application, you’ll find out if you qualify for these savings. Learn how you can save on your monthly insurance bill with a premium tax credit.
You can do a quick check now to see if your income’s in the range to qualify.