What is the second most popular plan selected by Floridians?

Study for the Affordable Care Act Test. Designed to enhance your understanding of the ACA's key provisions with multiple choice questions and insightful explanations. Ace your exam preparation efforts today!

The Bronze Plan is the second most popular option chosen by Floridians. This plan is designed to provide a lower monthly premium in exchange for higher out-of-pocket costs when accessing healthcare services. It covers about 60% of healthcare costs on average, making it attractive for individuals who are generally healthy and do not anticipate needing a lot of medical care throughout the year.

In contrast, the Gold and Platinum Plans have higher premium costs and cover a greater percentage of healthcare expenses (about 80% and 90%, respectively). They are less popular among those looking for more economical options. The Silver Plan, while also popular, is typically favored by individuals who might qualify for cost-sharing reductions, making it the most popular plan overall. The Bronze Plan's balance of lower costs relative to health risk makes it a logical choice for many Floridians, securing its position as the second most favored plan.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy