Ohio Insurance Laws and Regulations Practice Exam

Question: 1 / 400

As classified by the Affordable Care Act (ACA), what does a Silver Plan offer?

60% actuarial level of coverage provided

70% actuarial level of coverage provided

A Silver Plan under the Affordable Care Act offers 70% actuarial level of coverage. This means that on average, the plan will cover 70% of the cost of covered medical expenses for a standard population. This option is incorrect because it offers less coverage than a Silver Plan.

Option A is incorrect because it offers less coverage than a Silver Plan.

Option C is incorrect because it offers more coverage than a Silver Plan.

Option D is incorrect because it offers more coverage than a Silver Plan.

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80% actuarial level of coverage provided

90% actuarial level of coverage provided

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