Question: based on this video: https://www.youtube.com/watch?v=b1nDvF0OanA Part I: How Is the Cost of Medical Care Being Divided? Every insurer offers a variety of plans that spread

based on this video: https://www.youtube.com/watch?v=b1nDvF0OanA

Part I: How Is the Cost of Medical Care Being Divided?

Every insurer offers a variety of plans that spread the cost of medical coverage differently between you and them. Plans in the insurance "Marketplace" are classified as Platinum, Gold, Silver, Bronze, or Catastrophic. Watch the first part ofHealth Insurance 101: Types of Plans through 1:46 to learn more about these categories. Then, answer the questions below.

In your own words, explain whatactuarial value is.

Using the information from the video, fill out the table below for the different plan "metals".

Plan	Platinum	Gold	Silver	Bronze
%YOUPay
Actuarial Value

Finish the following sentence with the word LOWER or HIGHER.

The LOWER the actuarial value of your health insurance plan, the ____________ your monthly premium.

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