As a Californian, having access to a variety of different health insurance plans on the Covered California exchange site can be both exciting and confusing. The health care exchange offers different levels of coverage for you to choose from, based on which best meets your needs.
For those not over age 30, the catastrophic level plans offer the most budget friendly options. This level features bare bones plans. The remainder plans are designated according to their “metal” type.
The bronze level has more benefits and coverage than catastrophic plans, but at a slightly higher price. With a bronze plan, the insurance company pays about 60% of the expenses and the policyholder pay 40% of expenses. The next level is the silver plan, where the carrier pays about 70% and the policyholder pays about 30%. The gold plan is 80/20 and platinum is 90/10 so it is the richest in benefits, and will have a higher premium than the other metal tiers.
If you are interested in getting more information on individual, group health insurance, and Covered California in Southern California from a local independent insurance agent, then contact Stacy My Insurance Lady today.