Question

Under the Affordable Care Act, which of these plans is designed to provide coverage that is actuarially equivalent to 80% of the full actuarial value of the benefits provided under the plan?

A. Gold
B. Platinum
C. Silver
D. Bronze

Answer 1

The correct answer is a) gold plan

Step-by-step explanation:

The gold plan, identified as an Obamacare Gold Plan, is a plan that gives a higher grade of coverage, It provides the 80% of the full actuarial value of the benefits provided under the plan. This means that you only need to pay 20% of your medical expenses in a year.