The Marketplace is meant to give people a place to compare and understand health plans from different companies so that you can choose one that’s best for you.
Insurance Plans on the Marketplace: Four Metal Levels
All insurance plans from all companies on the Marketplace will be arranged by four metal levels: Bronze, Silver, Gold, and Platinum.Go back Click here to see the benefits covered
out of pocket at
time of incident
Last Sunday, John fell off his bike and broke his arm. While no surgery was required, he did have to go to the emergency room, get x-rays, have the bone set, and then get a cast to help it heal. Beyond John's pain and inconvenience, the total cost to get his arm fixed up was $2,500. Let's see how much this might cost John out of his pocket under different metal levels of insurance...
If John had a Platinum plan, his monthly costs for the insurance were probably pretty high, but he would only have to pay $250 out of his pocket (10% of the $2,500) to get his arm back to normal.
If John had a Bronze plan, his monthly costs for the insurance would be much lower than the Platinum plan, but he would have to pay $1,000 out of his pocket (40% of the $2,500) to get that arm working again.