Blue Cross Blue Shield Coverage Plans and Tiers
Every healthcare provider offers different tiers and coverage plans for medical insurance. The Affordable Care Act dictates that each tier must cover a certain amount of the total healthcare costs.2 These tiers are represented by different metal levels. The breakdown is as follows: 3
- Bronze: This level covers approximately 60% of medical costs, with a low monthly payment and a high deductible.
- Silver: With this level, you get around 70% of medical costs covered, with a moderate monthly payment and lower deductible.
- Gold: This level covers around 80% of medical costs, with a higher monthly premium and low deductible.
- Platinum: This option provides the highest coverage (around 90%) of medical costs, with the highest monthly payment and the lowest deductible.
Choosing the right tier depends on your specific healthcare needs. If you anticipate using a lot of medical care, then the Gold or Platinum tiers may be best for you. The Bronze or Silver plans may work best for those who don’t think they’ll go to the doctor much.