Which plan has the highest monthly premium?
Asked by: Jeremie Fadel | Last update: August 20, 2025Score: 4.2/5 (14 votes)
What plan will have the highest monthly premium?
Platinum plans
The platinum metal plan has an average actuarial value of 90%. Covered individuals pay only 10% of their expected medical expenses. It has the highest monthly premiums and the lowest annual deductibles of all the tiers. This means extra savings will happen quicker if you need a lot of medical care.
What type of insurance has the highest premium?
Permanent insurance policies require much higher premiums than term insurance policies.
What metal plan has the highest monthly premium?
Platinum plans have the highest monthly premium, but the lowest out-of-pocket costs. These plans are best for those individuals and families who require ongoing medical care and want more predictable out-of-pocket costs.
Does Platinum have the highest monthly premium?
Platinum plans usually have the highest monthly premiums of any plan category but pay the most when you get medical care. They may work well if you expect to use a great deal of health care and would rather pay a higher premium and know nearly all other costs are covered.
Choosing a Health Insurance Plan
Which is more premium gold or platinum?
Is platinum more valuable than gold? Platinum is generally valued higher than gold. This is because platinum is rarer than gold, has a higher density and is purer. Platinum rings require more platinum than gold rings require gold, which can increase the overall cost.
What does Silver Plan cover?
Benefits of Silver Healthcare Plans
Hospitalization (surgery and overnight stays) Pregnancy, maternity, and newborn care. Mental health and substance use disorder services, including behavioral health treatment (includes counseling and psychotherapy) Prescription drugs.
Is a Platinum plan better than a Gold plan?
On average, Platinum-level plans cover 90 percent of health care costs, and you pay 10 percent; Gold plans cover 80 percent, while you pay 20 percent; Silver plans cover 70 percent, while you pay 30 percent; and Bronze plans cover 60 percent, while you pay 40 percent.
What is the monthly plan premium?
Monthly premium x 12 months: The amount you pay to your plan each month to have health insurance.
What is metal premium?
Premiums and discounts are the difference a buyer will pay for metal compared to the global reference price. They are negotiated in order to account for the specific characteristics of what metal is being delivered and where.
Why is my monthly premium so high?
Five factors can affect a plan's monthly premium: location, age, tobacco use, plan category, and whether the plan covers dependents.
What are the top 3 types of insurance?
Life insurance will help provide financially for your survivors. Health insurance protects you from catastrophic bills in case of a serious accident or illness. Long-term disability protects you from an unexpected loss of income. Auto insurance prevents you from bearing the financial burden of an expensive accident.
What are the four types of policies?
The four main types of public policy include regulatory policy, constituent policy, distributive policy, and redistributive policy.
What is maximum premium?
The maximum premium is the highest premium an employer can be charged under a retrospectively rated insurance program, usually stated in multiples of the basic premium.
What is the Plan B premium?
Medicare Part B Premium and Deductible
Each year, the Medicare Part B premium, deductible, and coinsurance rates are determined according to provisions of the Social Security Act. The standard monthly premium for Medicare Part B enrollees will be $185.00 for 2025, an increase of $10.30 from $174.70 in 2024.
What does cobra stand for?
The Consolidated Omnibus Budget Reconciliation Act (COBRA) gives workers and their families who lose their health benefits the right to choose to continue group health benefits provided by their group health plan for limited periods of time under certain circumstances such as voluntary or involuntary job loss, ...
What is the total monthly premium?
The amount you pay for your health insurance every month. In addition to your premium, you usually have to pay other costs for your health care, including a deductible, copayments, and coinsurance. If you have a Marketplace health plan, you may be able to lower your costs with a premium tax credit.
What is the minimum premium plan?
MINIMUM PREMIUM PLAN (MPP) - A plan where the employer and the insurer agree that the employer will be responsible for paying all claims up to an agreed-upon aggregate level, with the insurer responsible for the excess.
Is it better to pay premium monthly or yearly?
Paying your insurance premiums annually is almost always the least expensive option. Many companies give you a discount for paying in full because it costs more for the insurance company if a policyholder pays their premiums monthly since that requires manual processing each month to keep the policy active.
How much is a Platinum plan?
How Much Does a Platinum Plan Cost? In 2021, the average premium for an ACA platinum plan is $709 per month for a 40-year-old person. Deductibles for platinum plans with a combined medical and prescription deductible averaged $0. Deductibles for plans with separate medical and prescription deductibles averaged $459.
Is Platinum more premium than gold?
Platinum has historically been more expensive than gold due to its rarity and industrial applications. Platinum is mined in fewer locations and is about 30 times rarer than gold. Its use in various industries, including automotive, chemical, and electronics, increases its demand, leading to higher prices.
What is the golden plan?
One of 4 health plan categories (or “metal levels”) in the Health Insurance Marketplace ®. Gold plans usually have higher monthly premiums but lower costs when you get care. Gold may be a good choice if you use a lot of medical services or would rather pay more up front and know that you'll pay less when you get care.
Why is the Silver plan better than gold?
Cost-sharing subsidies can make Silver better than Gold
People who enroll in plans with cost-sharing subsidies end up with lower maximum out-of-pocket than the general limits that apply to other ACA-compliant plans, and often lower copays and deductibles as well.
What is the bronze plan?
Covered California's Bronze Plan covers 60% of your annual medical services on average, and is the least expensive plan available that qualifies for premium assistance. This plan offers a low monthly premium. Also, it gives you the peace of mind of knowing you have coverage in the case of a “catastrophic event”.
What is the Silver Unlimited plan?
The Silver Unlimited plan from Straight Talk costs $42.50 per month and provides unlimited talk, unlimited text, unlimited data, and 4G LTE hotspot with 5GB. Turn your phone into a hotspot with wi-fi tethering. Networks: AT&T.