Health Plan Metal Tiers
Qualified Health Plans offered through HAP and private exchanges are ranked using metal tiers: Bronze, Silver, Gold and Platinum. The idea behind metal tiers is to allow you to compare health plans with similar coverage value (the technical term is actuarial value).
Each level provides a certain percentage of coverage, or the amount the plan would cover for health care costs:
Bronze health plans usually will have the lowest premiums and highest out-of-pocket costs – copays, deductibles and coinsurance – while Platinum health plans typically have the highest premiums and lower member cost-sharing.