Ace the Ohio Insurance Laws Test 2025 – Master the Rules and Rule Your Future!

Question: 1 / 400

According to the Affordable Care Act, what metal tier is required to have an actuarial value of 70%?

Bronze Plan

Silver Plan

The Affordable Care Act mandates that Silver Plans must have an actuarial value of 70%, meaning that on average, the insurance company is responsible for 70% of covered healthcare expenses and the insured individual is responsible for the remaining 30%. This level of coverage is considered the standard and is typically more comprehensive than Bronze Plans, which have a lower actuarial value. Gold and Platinum Plans, on the other hand, have higher actuarial values and therefore, typically cover a greater percentage of healthcare expenses for the insured individual.

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Gold Plan

Platinum Plan

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