Insurance companies in the Marketplace offer these four levels of health plans, mainly differentiated by the average percentage of health care expenses the insurance will cover. Generally speaking, the higher the level, the more you pay but the broader the coverage, too. If you’re healthy and don’t expect much health care bills in the future, a Bronze or Silver plan may do. If you know, however, that you’ll probably be needing a lot of medical services, a Gold or Platinum plan is highly recommended.
It’s a good idea to identify your priorities and assist your needs first to narrow down your search. To better explore new health insurance marketplace coverage options for 2016, consult a qualified navigator from companies like DECO. Marketplace Navigators from these companies will provide you with all pertinent information including the qualified health plans you may be eligible for, cost sharing reduction, premium tax credits and assistance all throughout the enrollment process.