KFF-What the Actuarial Values in the Affordable Care Act Mean
The Patient Protection and Affordable Care Act (ACA) establishes four levels of coverage based on the concept of "actuarial value," which represents the share of health care expenses the plan covers for a typical group of enrollees. As plans increase in actuarial value – bronze, silver, gold, and platinum – they would cover a greater share of enrollees' medical expenses overall, though the details could vary across plans. This report explains what the acturial values mean for consumers in the ACA.
