The Health Connector’s plans are in different levels that includes metallic tier coverage named after metals Platinum, Gold, Silver and Bronze. There is also Catastrophic level coverage.
What is the difference between Platinum, Gold, Silver and Bronze health plans?
The Health Connector’s plans are in tiers (levels) named after metals. The metallic tiers are Platinum, Gold, Silver and Bronze. The tiers make it easier for you to compare the plans.
Here’s how it works:
- Platinum plans have the highest premiums (monthly cost) but the lowest costs (deductibles and co-pays) when you get health care services.
- Gold and Silver plans have lower premiums but higher costs when you get health care services.
- Bronze plans have the lowest premiums but the highest costs when you get health care services.
What is Catastrophic coverage?
Catastrophic plans are only available to certain people. To qualify, you must be less than 30 years old or have a qualifying hardship exemption from the federal government. Catastrophic plans only cover you in a major health event. They have very high deductibles. You must pay for almost all of your health care until you reach the deductible. If you enroll in a Catastrophic plan you will not be able to get help paying for your coverage, even if you would otherwise qualify.