The 4 Tiers of Government Plans
There are four metal categories of government plans. These categories show you how much you and your plan share cost. For each plan, you’ll pay a different percentage of total yearly costs of your care, and the insurance company will pay the rest. The categories have nothing to do with the quality of health care you are buying. You pay a monthly premium to your insurance company every month. You also pay a deductible when you receive care at a hospital, doctor, dentist, and so on. Here is a break down on the 4 metal categories:
Bronze– Lowest monthly premium, highest cost when you need care.
PRO: Cheapest way to protect yourself from worst case scenario.
Silver– Moderate monthly premium, moderate cost when you need care.
PRO: You can qualify for extra savings or, if not, willing to pay a higher monthly premium to have your routine car covered.
Gold– High monthly premium, low cost when you need care.
PRO: You are willing to pay more each month to have more costs covered when you get medical treatment.
Platinum: Highest monthly premium, lowest cost when you get care.
PRO: You usually use a lot of care and are willing to pay a high monthly premium.
| PLAN | INSURANCE PAYS | YOU PAY |
| BRONZE | 60% | 40% |
| SILVER | 70% | 30% |
| GOLD | 80% | 20% |
| PLATINUM | 90% | 10% |
Cosmo Insurance can provide you with knowledge on what would be the best fit for you. Contact us at any time for a consultation. 732-363-3888.
