Certified Application Counselor Practice Test

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Prepare for the Certified Application Counselor Test with real-world scenarios and comprehensive quizzes. Study with detailed answer explanations and enhance your understanding to excel in your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What percentage coverage does a gold metal level represent?

The correct answer is: 80%

A gold metal level in the context of health insurance coverage represents that the plan covers, on average, 80% of the total healthcare costs for a standard population. This means that enrollees in a gold plan are generally responsible for 20% of their healthcare costs through deductibles, copayments, and other out-of-pocket expenses. The metal levels—bronze, silver, gold, and platinum—are designed to help consumers understand the balance of costs that they will incur and the type of coverage they can expect. Gold plans typically offer a higher level of coverage compared to bronze and silver plans, which reflect lower percentages of cost coverage, thus requiring greater out-of-pocket spending by enrollees. However, they do not offer the highest coverage level, which is represented by platinum plans, covering around 90% of costs.