Analysis Of Silver Level Of Benefits And Silver Plan

758 Words 4 Pages
These plans are designed to help the consumer find the right plan. Each plan has is unique characteristics, they are designed to fit most circumstances. However, individuals must be aware of the medical needs they require or intend to use, this will help one decide the proper plan. Whereas for a single, not married individual, who does not have a family, selecting a plan becomes an easier decision. This is the category the writer falls into. For such situation, the silver plan is the right choice. Silver Level of Benefits or Silver Plan is a health benefits plan with average of 30% cost-sharing, when accounting for deductibles, copayments, and coinsurance as applied to in-network services (Kongstvedt, 2013). This type of plan allows, the …show more content…
But they also make one pay for more out-of-pocket costs. This is a good option if one needs to balance monthly premiums with out-of-pocket costs. The silver plan pays seventy-percent on average, members pay about thirty-percent (U.S. Centers for Medicare & Medicaid Services, 2015). This plan really gets into higher deductibles and copayments, due to the unnecessary use of services. This is a plan for people under thirty years old, and with-out medical concerns. The challenge this plan brings is the high cost when services are required due to emergencies. The Bronze Plan is the plan with the highest out-of-pocket cost. This plan is designed for healthy young adults. Young adults that do not have any medical concerns, or hold a very healthy life style. The care for such individuals is inexpensive. Also, this plan is a good option if one does not plan to need a lot of health care services. This health plan pays an average sixty percent, the member pays about forty percent (U.S. Centers for Medicare & Medicaid Services, 2015). The challenge brought by this plan is that when health care services are demanded, one will pay nearly half of those

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