Glossary Term

Bronze Plan

The bronze plan is the first tier of the four medal-tier categories of Affordable Care Act health insurance. As the least expensive of the four, it covers the lowest portion of covered medical expenses and tends to have the highest deductibles. The actuarial value of a bronze plan is 60 percent, which means 40 percent of typical medical costs are paid by the bronze plan enrollee and not the insurance company.   

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