Originally Posted by brownred
What does " HI" or "HI plans" mean?
Example: I've read in articles the Bronze is less comprehensive and the Gold is more comprehensive.
I didn't know if that meant you had to pay more for the same coverage with the Bronze. Or you could pay more for the Gold and get better/more coverage.
Our Bronze plan does not provide less health benefits
than the equivalent Gold plan. The difference is solely in the pricing. You play lower premiums, but you have higher deductibles that you have to meet before the insurance starts paying out, and higher max out of pocket limits.
If your medical bills are low, your total cost will be less with a Bronze plan. If your medical bills are high, a Gold plan with its lower copays, deductibles and max out of pocket may be better in total cost. But the Bronze plan, due to it's lower premiums, may come close in terms of total cost even in the worst medical expense scenarios.
You have to do some calculations to compare plans.