Skip to content
    Font Size

    Your Insurance Choices in a Marketplace: FAQ

    A health insurance Marketplace, also known as an Exchange, is where you can shop for and compare insurance plans in your state. You can do it online, through an insurance broker, or by phone. Your state's Marketplace has tools to help you compare your choices and pick the plan you need.

    In a state Marketplace, health plans are grouped by levels of coverage -- how much they will pay toward the cost of your health care and what services are covered.

    Recommended Related to Health A-Z

    Pets and a Clean House: Can They Coexist?

    Fur. Dander. Litterboxes. “Accidents.” Let’s face it, having pets in the family can add a lot to your list come cleaning time. But keeping a clean house with pets is not impossible -- it just requires some extra work. So, what do you need to know to keep a clean house with pets?

    Read the Pets and a Clean House: Can They Coexist? article > >

    Each level is named after a metal:

    • Bronze
    • Silver
    • Gold
    • Platinum

    Bronze plans offer the least coverage, and platinum plans offer the most.

    How Do the Bronze, Silver, Gold, and Platinum Levels Differ?

    The levels vary by the percentage of costs you have to pay, on average, toward the health care you get.

    Here are the percentages of health care costs you pay, on average, for each type of plan:

    • Bronze plan: 40%
    • Silver plan: 30%
    • Gold plan: 20%
    • Platinum plan: 10%

    You pay your portion of these costs is in deductibles, copays, and coinsurance.

    In general, the more you pay in monthly premiums, the less you pay out of your own pocket each time you go for a health care service or to pick up a prescription. A premium is what you pay each month to have insurance.

    As an example, consider the differences in the bronze and platinum plans.

    With a bronze plan:

    The amount you pay each time you see your doctor or get a prescription (your "out-of-pocket" cost) is the highest among the different plan levels. But, with a bronze plan, you also generally pay the lowest premium each month, compared with other metal plans.

    With a platinum plan:

    Compared with the other plan levels, you are likely to pay less each time you see your doctor or get a prescription. But with a platinum plan, you'll also pay the highest monthly premium.

    1 | 2 | 3

    Hot Topics

    WebMD Video: Now Playing

    Click here to wach video: Dirty Truth About Hand Washing

    Which sex is the worst about washing up? Why is it so important? We’ve got the dirty truth on how and when to wash your hands.

    Click here to watch video: Dirty Truth About Hand Washing

    Popular Slideshows & Tools on WebMD

    disciplining a boy
    Types, symptoms, causes.
    fruit drinks
    Eat these to think better.
    bald woman smelling flowers
    Complementary therapies to ease symptoms.
    embarrassed woman
    Do you feel guilty after eating?
    diabetes highlighted
    4 early warning signs.
    birth control pills
    Which kind is right for you?
    Remember your finger
    Are you getting more forgetful?
    sticky notes on face
    10 tips to clear your brain fog.
    Close up of eye
    12 reasons you're distracted.
    Trainer demonstrating exercise for RA
    Exercises for your joints.
    Senior woman using diabetes test kit
    Each one takes 10 minutes or less.
    woman having a good day
    Revitalize your life.

    Pollen counts, treatment tips, and more.

    It's nothing to sneeze at.

    Loading ...

    Sending your email...

    This feature is temporarily unavailable. Please try again later.


    Now check your email account on your mobile phone to download your new app.