Let's say that you live in Brooklyn across the street from PolicyGenius, and you bought the lowest - priced
Silver Tier plan from the New York State health exchange.
According to an analysis of premiums for
silver tiered plans being offered on new government health insurance exchanges, Minnesota was the only state in the nation to have average monthly premiums of less than $ 200.
We quickly reached a page of
silver tier plans matching our target premium of around $ 400 a month (note: the experience we describe would be the same for any price level).
However, the plans tend to be much more expensive and only offer slightly lower copays compared to
silver tier plans.
Not exact matches
The most popular ACA
plan is the
Silver tier — about two - thirds of people on the exchanges elect that option.
Chris: We've started a three -
tier pricing
plan:
silver, gold, and platinum access.
Assembly Speaker Sheldon
Silver, D - Manhattan, has indicated he would be open to smaller cost - savings for retirement
plans such as clamping down on waste and abuse within the system, but remained uneasy at the idea of a new
tier so soon after the passage of Tier Five during the Paterson administrat
tier so soon after the passage of
Tier Five during the Paterson administrat
Tier Five during the Paterson administration.
If you qualify for a large federal subsidy, an Exchange
plan (possibly
Silver or Gold
tiers) will provide lower out - of - pocket cost with complete prenatal, maternity and delivery benefits.
The least expensive
Silver -
tier plan (Cigna Connect 4500) costs only $ 103 per month.
The LifeHealthPro analysis considered
silver -
tiered plans which can be considered mid-level coverage.
For example, if the job - based health insurance your employer offers has an actuarial value of 72 %, you'd pick a couple of
silver -
tier Obamacare
plans to compare it with since
silver plans have an actuarial value close to your job - based
plan.
If you're eligible for a government cost - sharing subsidy to help you pay for your deductibles, copays, and coinsurance, you won't get the subsidy if you don't buy a
silver -
tier health
plan using your state's health insurance exchange.
Silver plans cover more of your routine care and the costs are moderate compared to higher -
tier plans.
To make comparing medical insurance
plans easier, policies are grouped into metal
tiers: bronze,
silver, gold or platinum.
If you're eligible for cost - sharing subsidies because your income is 250 percent of federal poverty level or lower, you can only get the cost - sharing subsidies if you choose a
silver -
tier plan.
Silver -
tier plans offer a 70 percent actuarial value (range of 68 to 72 percent, extending to 66 to 72 percent in 2018).
While all
plans fall into the metal
tiers (Bronze,
Silver, Gold & Platinum) their monthly rates and prescription coverage can vary.
In most states, spending 5 percent of your income on health insurance premiums will also land you squarely within range for a
silver plan - which is the mid-level
plan in the «metal
tier» system of health
plans (platinum, gold,
silver, bronze).
Each
plan sold through the Virginia marketplace for individuals falls under one of four «metallic» coverage
tiers: bronze,
silver, gold or platinum.
Each
plan sold through the Louisiana marketplace for individuals falls under one of four «metallic» coverage
tiers: bronze,
silver, gold or platinum.