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Proponents of health care reform believe that allowing comparable plans to compete for consumer business in one convenient location will drive prices down. Having a centralized location increases consumer knowledge of the market and allows for greater conformation to perfect competition. Each of these plans will also cap liabilities for ...
The law established four tiers of coverage: bronze, silver, gold and platinum. All categories offer essential health benefits. The categories vary in their division of premiums and out-of-pocket costs: bronze plans have the lowest monthly premiums and highest out-of-pocket costs, while platinum plans are the reverse.
Millions of Americans are looking at the new insurance options they have under the Patient Protection and Affordable Care Act, also known as Obamacare. Most people are familiar with the bronze ...
Bronze plans usually have the lowest premiums but come with a high deductible—the amount consumers pay out of pocket before insurance kicks in. Bronze plans cover around 60% of medical bills ...
Bronze plan may refer to: . An offering of the United States' Patient Protection and Affordable Care Act defined as covering 60 percent of out-of-pocket costs The premium for such a plan as a maximum payment on a United States tax return under the Internal Revenue Service's Affordable Care Act tax provisions when a taxpayer does not have a health plan.
An estimated 80% of persons obtaining coverage under the ACA can get it for less than $75 per month after subsidies, [37] if they choose the lowest-cost "bronze" plan. The average cost for the "second-lowest cost silver plan" (the benchmark plan and one of the most popular) was $208/month after subsidy for a 40-year-old male non-smoker in 2017 ...
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