Which metal level plan is associated with 70% coverage of costs?

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Prepare for the Nevada Life and Health Insurance Test. Sharpen your knowledge with flashcards and multiple-choice questions, complete with hints and explanations. Ace your exam!

The Silver metal level plan is specifically designed to cover approximately 70% of healthcare costs, with the remaining 30% being the responsibility of the insured. This plan is part of the metal tier system that categorizes health insurance plans based on the percentage of costs they cover.

In this system, the Silver plan offers a balanced option for those who want a mix of premium affordability and cost-sharing responsibility. It's an appealing choice for individuals who are looking for a plan that provides good coverage without the higher premiums associated with Gold or Platinum plans, which cover a larger percentage of costs. Conversely, Bronze plans typically cover about 60% of costs, making them a more cost-effective option but with higher out-of-pocket expenses when care is needed. Thus, the Silver plan strikes a beneficial compromise for many consumers, making it a popular choice.

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