Certified Application Counselor Practice Test 2025 – All-in-One Guide to Ensure Exam Success!

Question: 1 / 400

Which of the following best describes the Bronze plan?

Low premiums with high out-of-pocket costs

The Bronze plan is characterized by low monthly premiums paired with higher out-of-pocket costs when medical services are utilized. This design means that while consumers pay less upfront each month for their insurance coverage, they will face greater expenses when they actually need to access healthcare services, such as deductibles and co-payments.

This structure is particularly appealing to individuals who are generally healthy and do not anticipate needing extensive medical care, as it allows them to save money on premiums. However, the trade-off is that when they do require medical services, they may find themselves facing significant costs. Therefore, the Bronze plan is structured to support those who are willing to take on more financial risk in exchange for lower costs on a monthly basis.

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High premiums with low out-of-pocket costs

Balanced premiums and out-of-pocket costs

Coverage of all health expenses without any out-of-pocket costs

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