Momentum Builds To Add Catastrophic Coverage To Obamacare Choices

A cheaper tier of “catastrophic” individual health coverage for Americans to purchase alongside plans under the Affordable Care Act is gaining support among Republicans and Democrats in Congress as well as health and business groups.Currently, the ACA’s tiered metal plan categories — from bronze and silver to gold and platinum — are based on the average percentages spent on “essential health benefits.” The most popular silver plans cover 70% of health costs while bronze plans cover 60%, gold plans cover 80% and platinum 90%.

Source: Momentum Builds To Add Catastrophic Coverage To Obamacare Choices