2. Identify the premium, deductible, and co-pay for a Bronze, Silver, Gold, and Platinum plan.

Plan	Co-Pay/Co-insurance	Deductible	Premium
Bronze	1,500	7,500	365.36
Silver	3,100	5,800	499.51
Gold	5,700	2,000	609.73
Platinum

3. The Bronze plan seems to many consumers like the lowest cost plan since it has the lowest monthly cost after a federal income tax credit. Given what you have learned about the total cost of insurance, why may the Bronze plan not be the best option? If you are unsure, refer to https://www.healthcare.gov/choose-a-plan/your-total-costs/ for guidance.

4. Based on the available options, which plan would be the best option, that is the plan that minimizes the total cost of insurance?

Answer rating: 100% (QA)

SOLUTION Based on the information provided the Bronze plan may not be the best option for individual... View the full answer