Essay Levels Of Coverage Under The Affordable Care Act

1519 Words Nov 23rd, 2014 null Page
The purpose of this paper is to examine the four different levels of coverage under the Affordable Care Act (ACA). It will provide an in depth look into each of the four different levels, named after the metals: bronze, silver, gold, and platinum. Included will be in-depth information about each different level; the balance of care quality; and the costs that are associated with each of the levels. Along with this, it provide a clearer picture of the Affordable Care Act expectations of both the insurer and the consumer.
There are 4 categories or “metal levels” of coverage in the Marketplace. Plans in each category pay different amounts of the total costs of an average person’s care. See chart below to view the percentages of each level.

Overview of the Affordable Care Act. Under the Patient Protection and Affordable Care Act of 2009 (PPACA) there are four levels of coverage available, these are: bronze, silver, gold, and platinum. Health plans that are participating in the exchanges must offer at least one silver and one gold. So what are these plans and how do they affect the consumer? What affect will it have on the health insurance companies and the health care provider? The Affordable Care Act (ACA) creates four levels of coverage based on the idea of “actuarial value,” which signifies the share of health care expenses the plan covers for a typical group of enrollees. As plans increase in actuarial value – bronze, silver, gold, and platinum – they would cover a…

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