Certified Application Counselor Practice Test

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What is the silver metal level percentage for coverage?

  1. 60%

  2. 70%

  3. 80%

  4. 90%

The correct answer is: 70%

The silver metal level in health coverage refers to a specific category within the Affordable Care Act (ACA) framework, which includes four metal levels: bronze, silver, gold, and platinum. Each of these levels indicates the percentage of health care costs that the insurance plan covers on average, with the metal levels increasing in their coverage percentage. For the silver metal level, the average coverage provided is 70% of the overall costs of care. This means that on average, an individual with a silver plan pays 30% of their health care costs out-of-pocket. This coverage level strikes a balance between affordable premiums and reasonable out-of-pocket costs, making it a popular choice among consumers seeking a moderate level of insurance coverage. Understanding this percentage is crucial for anyone working as a Certified Application Counselor, as it helps in guiding people to the plan that best fits their health needs and financial situation.

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