Health Insurance Plans Available on the Marketplace

The health insurance marketplace (Covered California in California) offers several types of plans organized into four metal tiers. Here's how to choose the right one.

The Four Metal Tiers

Which Plan Tier is Right for You?

Bronze — Best if you're healthy and rarely use medical care. Low monthly cost, but high out-of-pocket if you do get sick.

Silver — The most popular tier. If you qualify for Cost Sharing Reductions (CSRs), you must enroll in Silver to access those savings.

Gold — Good if you use healthcare regularly. Higher premium, but lower costs when you need care.

Platinum — Best for people with very high medical needs. Highest premium, lowest cost-sharing.

HMO vs. PPO Plans

HMO: Lower premium, must use in-network providers, need referrals for specialists.

PPO: More flexibility, can see out-of-network doctors (at higher cost), no referrals needed.