Which plans provide 70% coverage in the Marketplace?

Silver Plans are designed to provide approximately 70% coverage of healthcare costs. This means that, on average, when an individual has a Silver Plan, their insurer pays about 70% of the total healthcare expenses, while the individual is responsible for the remaining 30%.

The structure of Silver Plans is particularly significant because they serve as the baseline for cost-sharing reductions, which are available to those who qualify based on their income. This makes Silver Plans a popular choice for individuals looking for a balance between monthly premiums and out-of-pocket costs. Additionally, their coverage percentage places them in the middle tier of the metal classification system established by the Affordable Care Act. This system is designed to help consumers easily compare plans based on how much costs will be shared between them and the insurer.