What Is the Difference Between the Metal Plans?
PLATINUM | GOLD | SILVER | BRONZE
From 1/1/2014 on, all individual and family health insurance plans will have these “Metallic” names whether you purchase health insurance “On Exchange” or “Off Exchange”. It gives you an easy-to-understand overview of how the plans will share the payment of your medical bills.
Health insurance companies that sell plans on the Health Insurance Marketplace can offer four types of qualified health insurance plans, including Bronze, Silver, Gold, and Platinum. The plan you choose determines not only the premium you pay but also what portion of your health costs you pay.


To make it easier to shop for coverage, health insurance plans have standardized “metals”. The “metal” plan depends on its actuarial value, or the average percentage of health care costs the plan pays vs what the member pays. The more coverage a plan provides, the higher the monthly premium and the fancier the metal level. Gold is better than Silver. Silver is better than Bronze.
-
Platinum plans cover 90% of medical expenses
-
Gold plans cover 80% of medical expenses
-
Silver plans cover 70% of medical expenses
-
Bronze plans cover 60% of medical expenses
This percentage will not go on forever, there is always an “Out of Pocket Maximum” (this is your pocket, not the insurance company), so you’ll only pay your portion of the expenses until you’ve reached your out-of-pocket maximum.


The Out-of-Pocket Maximums for 2023 are:
Individuals: $9,100 Families: $17,400
You’ll want to review your “Summary of Benefits and Coverage” to find out what your deductible is, your co-insurance, your out-of-pocket maximum, along with all of the important details of what your plan covers.
What Do the Health Insurance Plans Cover?
Regardless of the plan you choose, it will provide all 10 essential health care benefits guaranteed to policyholders under the Affordable Care Act. The difference among the plans has to do with how much overall out-of-pocket costs you’ll pay up to your out-of-pocket maximum.
Choose the Right Health Plan with Nevada Insurance Enrollment
Choosing the right metal tier requires evaluating your budget and assessing current and expected health care needs. Our agents guide you in reviewing the options available across the tiers and help you determine which plan best fits your health needs and budget. We can also help you determine whether you qualify for subsidies to lower your premium.
Recent Posts




Discounts and Bundles to Reduce Auto Insurance Premiums
Most insurers offer a variety of discounts that can help you save money on your monthly insurance premium. Most drivers know that if they insure two cars under one auto insurance policy, they’ll pay less on that one policy than they would on two separate policies.




Personal Auto Insurance vs. Commercial vs. Rideshare
Determining if you can use a personal auto insurance policy or that you should get a commercial auto insurance policy can be tricky. Sometimes you can buy a personal auto policy for business use and can be enough for some businesses. But if you are required to cover high liability coverage, have an unusual vehicle to insure, haul equipment, are a taxi or rideshare driver, you are probably going to need commercial auto insurance or special endorsements and coverages.




No Qualified Health Plans in 14 Nevada counties for 2018
The Division of Insurance (DOI) stated that Nevada’s insurance carriers have decided to only offer coverage to Clark, Washoe, and Nye counties beginning in 2018. Nevada’s Exchange actively exploring potential solutions and resources for consumers facing limited to no coverage options.
Search This Website
Most Popular Pages
By page visits (this month)
#1) Health Insurance Subsidy Chart
#2) Health Insurance
#3) Health Insurance WITH a Subsidy
#4) Insurance Blog
#5) Request a Quote
Top 5 Most Popular
By page visits (this month)
#1) Health Insurance Subsidy Chart
#2) Health Insurance
#3) Health Insurance WITH a Subsidy
#4) Insurance Blog Posts
#5) Request a Quote
Recent Posts
Lifetime Limits on New Health Insurance Plans are Now Illegal
Lifetime Limits on New Health Insurance Plans are Now Illegal
Children under the age of 19 Can Not Be Denied Health Insurance
Children under the age of 19 Can Not Be Denied Health Insurance
New Health Insurance Plans Must Cover Preventative Services
New plans must cover preventative services, we are unsure of what preventative services are covered in full at this time, but there cannot be “cost sharing”
President Obama signed into law the Affordable Care Act (ACA)
We are hearing that this law will insure more Americans and drive insurance costs down. Of course, I’m pretty skeptical it will drive costs down.