Before you apply for 2020 Marketplace health insurance starting November 1, there are several things to consider that’ll help you choose the plan that’s right for you.
The 4 “metal” categories
There are 4 categories of health insurance plans: Bronze, Silver, Gold, and Platinum.
These categories show how you and your plan share costs. Plan categories have nothing to do with quality of care.
Different types of Marketplace health insurance plans are designed to meet different needs. Some plans restrict your provider choices or encourage you to get care from the plan’s network of doctors, hospitals, pharmacies, and other medical service providers. Other plans pay a greater share of costs when you use providers outside the plan’s network.
Consider your total health care costs, not just the monthly premium. Other out-of-pocket costs have a big impact on your total health care spending — sometimes more than the premium.