ACA

Individual/ Family Health

The health insurance marketplace offers a selection of comprehensive plans with different pricing options for individuals and families who do not receive health coverage through an employer. Depending on their income, applicants may be eligible for subsidies or tax credits designed to lower the cost of coverage, making it more affordable.

Open Enrollment

Individuals and businesses have the opportunity to enroll in health insurance plans offered through the marketplace during the open enrollment period, typically starting in late fall and ending in early winter. Depending on the state, there may be extended enrollment periods available for both individuals and businesses.

ACA Plans

The ACA introduced four plan categories—Bronze, Silver, Gold, and Platinum—to assist individuals in selecting health coverage that suits their needs and budget. Bronze plans generally have the lowest premiums but come with higher deductibles and out-of-pocket costs. On the flip side, Platinum plans come with the highest premiums but provide the lowest deductibles and out-of-pocket expenses.

Here’s a breakdown of each category:

Bronze Plans:

  • Entry-level plans with the lowest premiums.
  • Highest deductibles and out-of-pocket costs compared to other categories.
  • Eligible individuals may qualify for a premium tax credit to reduce monthly costs and increase coverage.

Silver Plans:

  • Slightly higher tier than Bronze plans.
  • Higher premiums than Bronze plans, but lower deductibles and out-of-pocket costs.
  • Eligible individuals can receive a premium tax credit to lower monthly payments.

Gold Plans:

  • Second-highest tier of ACA plans.
  • Typically higher premiums than Bronze and Silver plans.
  • Offers more extensive coverage and lower out-of-pocket expenses than Bronze and Silver plans.

Platinum Plans:

  • Highest tier with the highest premiums.
  • Provides the most comprehensive coverage and lowest deductibles and out-of-pocket costs among the plan categories.

Reach out for free assistance with enrollment and application processes.

Understanding these plan distinctions helps individuals make informed decisions about their healthcare coverage based on their financial and healthcare needs.