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Where does the name of each level of health plan come from?

ANSWER

Each level is named after a metal:

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

  • Bronze
  • Silver
  • Gold
  • Platinum

SOURCES:

Health Insurance 101: "What is a health insurance exchange?" and "What does it mean to standardize health insurance plans, and how does it help consumers?"

Kaiser Family Foundation: "Private Insurance Benefits and Cost-Sharing Under the ACA."

Center for Consumer Information and Insurance Oversight (CCIO): "Essential Health Benefits Standards: Ensuring Quality, Affordable Coverage;" "Essential Benefits Bulletin;" "Explaining Health Care Reform: Questions About Health Insurance Exchanges."

HealthCare.gov.

U.S. Department of Health and Human Services.

HealthConnector: "Health Insurance for Massachusetts Residents."

Kaiser Health News: "A Guide to Health Insurance Exchanges."

Center for Consumer Information and Insurance Oversight (CCIO).

Reviewed by Sarah Goodell on September 16, 2019

SOURCES:

Health Insurance 101: "What is a health insurance exchange?" and "What does it mean to standardize health insurance plans, and how does it help consumers?"

Kaiser Family Foundation: "Private Insurance Benefits and Cost-Sharing Under the ACA."

Center for Consumer Information and Insurance Oversight (CCIO): "Essential Health Benefits Standards: Ensuring Quality, Affordable Coverage;" "Essential Benefits Bulletin;" "Explaining Health Care Reform: Questions About Health Insurance Exchanges."

HealthCare.gov.

U.S. Department of Health and Human Services.

HealthConnector: "Health Insurance for Massachusetts Residents."

Kaiser Health News: "A Guide to Health Insurance Exchanges."

Center for Consumer Information and Insurance Oversight (CCIO).

Reviewed by Sarah Goodell on September 16, 2019

NEXT QUESTION:

How do bronze, silver, gold, and platinum levels of health plan differ?

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