Buying health insurance can be confusing. Understanding your healthcare coverage options is key to making the right decision for your needs.
Health insurance plans are divided into five “metal levels.” These metal levels tell you, on average, how much of your covered services will be paid for by your health insurance. These options include:
Here are a few considerations when choosing health insurance coverage.
You may want a Gold plan or Platinum plan. These plans generally have higher monthly premiums but pay more of your costs when you need care.
You may want a Silver, Bronze, or Catastrophic plan. These plans cost you less per month but pay less of your costs when you need care.
Silver plans may offer the best value. You may qualify for a cost share reduction based on your household size and income. If you do, you can get these out-of-pocket savings only if you enroll a Silver plan. If you make this choice, you'll basically get the lower out-of-pocket costs of a Gold or Platinum plan while paying a Silver plan premium.
You may want to choose a catastrophic plan designed to protect you from worst-case scenarios, like serious accidents or diseases.
Now that you know what to look for in healthcare coverage, see what Quartz has to offer – simple and straightforward health insurance options with access to UW Health.