An ACA Silver plan has moderate premiums and moderate out-of-pocket costs. Silver plans have an actuarial value of 70%. Silver plans are the only plans that qualify for cost-sharing reductions (CSRs). For people who qualify for CSRs, Silver plans provide the best value.
Key Points
- Silver plan: moderate premiums, moderate out-of-pocket costs
- Actuarial value: 70% (plan pays 70% of covered costs on average)
- Only plans that qualify for cost-sharing reductions (CSRs)
- Best for: people who qualify for CSRs (income 100%-250% FPL)
- An independent agent can help you compare Silver plan options