When you begin shopping for Ambetter health insurance plans in the Marketplace, you’ll see plan options with different metal tiers such as Gold, Silver and Bronze plans. But, the only difference between these plans is how much premium you’ll pay each month and how much you’ll pay for certain medical services.
Bronze plans typically give you lower monthly premium payments, but potentially higher out-of-pocket costs – if you end up needing a lot of care. And Gold plans may have higher monthly premiums, but that helps limit your out-of-pocket costs later.
If you’re looking for a balance on your monthly premium payments and your out-of-pocket costs, Silver plans provide just that. And, Silver plans are the only plans with additional out-of-pocket payment reductions (cost sharing reductions)! This helps lower the costs of your copays, deductibles and coinsurance.
And remember, your Essential Health Benefits are covered and will be equal across all plans.
The information above represents the way typical plans at each metal level work. How much you pay will depend on your specific plan.