Which metal level plan under the PPACA covers 70% of the costs?

The Silver plan under the Affordable Care Act (ACA) is designed to cover approximately 70% of the average costs of healthcare services for its enrollees. This level of coverage means that policyholders will typically be responsible for the remaining 30% of costs through deductibles, copayments, and coinsurance.

The Silver plan is particularly significant because it often serves as a benchmark for calculating premium tax credits for individuals who qualify, making it an essential part of the health insurance marketplace. By providing 70% coverage, it strikes a balance between affordability and access to healthcare, making it a popular choice for many consumers.

In contrast, Gold and Platinum plans offer higher levels of coverage, covering 80% and 90% of costs, respectively, which results in higher premiums. The Bronze plan, on the other hand, covers about 60% of costs and tends to have the lowest premiums, making it less comprehensive in terms of coverage. Understanding these distinctions is crucial for navigating insurance options under the ACA effectively.