Which actuarial value best represents a Bronze plan?

Which actuarial value best represents a Bronze plan?

• A. 50%
• B. 70%
• C. 60%
• D. 80%

Answer: (C)

Actuarial value is the share of total costs for covered services that a health plan pays for a standard population. Bronze plans are designed to cover the least, with about six-tenths of costs paid by the plan, meaning the enrollee covers the remaining portion through deductibles, copays, and coinsurance. In contrast, Silver covers about 70%, Gold about 80%, and Platinum about 90%. So the option that best represents a Bronze plan is the one around 60%, since Bronze is the lowest metal level with the corresponding higher cost-sharing.

Actuarial value is the share of total costs for covered services that a health plan pays for a standard population. Bronze plans are designed to cover the least, with about six-tenths of costs paid by the plan, meaning the enrollee covers the remaining portion through deductibles, copays, and coinsurance. In contrast, Silver covers about 70%, Gold about 80%, and Platinum about 90%. So the option that best represents a Bronze plan is the one around 60%, since Bronze is the lowest metal level with the corresponding higher cost-sharing.