HHS is encouraging health insurers to offer six new simple choice plans — which standardize deductibles and annual cost-sharing limits — in an effort to ease plan selection, Kaiser Health News reports.
Here are the six standardized options, including deductibles and cost-sharing limitations.
1. Bronze
Deductible: $6,650
Annual cost-sharing limitation: $7,150
2. Silver
Deductible: $3,500
Annual cost-sharing limitation: $7,150
3. Silver, 73 percent actuarial value variation (for individuals with qualifying incomes)
Deductible: $3,000
Annual cost-sharing limitation: $5,700
4. Silver, 87 percent actuarial value variation (for individuals with qualifying incomes)
Deductible: $700
Annual cost-sharing limitation: $2,000
5. Silver, 94 percent actuarial value variation (for individuals with qualifying incomes)
Deductible: $250
Annual cost-sharing limitation: $1,250
6. Gold
Deductible: $1,250
Annual cost-sharing limitation: $4,750
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