What is the coverage percentage associated with Bronze Plans?

The Bronze Plans under the Affordable Care Act provide a coverage percentage of approximately 60%. This means that, on average, the insurance will cover 60% of health care costs for covered services, while the remaining 40% is typically paid by the policyholder through copayments, deductibles, and other out-of-pocket expenses. Bronze Plans are designed to have lower monthly premiums but higher out-of-pocket costs when care is accessed, making them suitable for individuals or families who expect to have minimal health care needs throughout the year.

While the other plans (Gold, Silver, and Platinum) offer higher coverage percentages, Bronze Plans specifically focus on providing basic protection for those who prefer to manage their own health costs until a more significant need arises.