Silver Plan Is The Right Choice Essay

758 Words Jun 28th, 2015 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 mentioned individual, to balance monthly premiums with out-of-pocket costs.
The Platinum plan is designed for individuals that project to use their services often. This health plan pays sixty-percent on average, for protection, leaving the member with about ten-percent on out-of-pocket costs (U.S. Centers for Medicare & Medicaid Services, 2015). The plan is planned to help members who visit their physician often. This saves the patients on co-payments and payments related to the visits. Also, if one requires regular prescriptions, the platinum plan would be a great choice. By doing so, the member will save on their monthly costs for prescriptions. The Gold plan pays an average of eighty-percent of the plan, and the member pays…

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