How much will it cost?

How much you'll pay for a health plan depends on the plan you choose. All plans sold in the Washington Healthplanfinder (www.wahealthplanfinder.org) will have different levels of cost-sharing. These are called "metal levels" and range from bronze, silver, gold, and platinum.

Health plans sold outside of the Washington Healthplanfinder also will have various metal levels to choose from.

The difference between the metal levels is based on how much of the medical costs your health plan picks up and how much you pay through copays and coinsurance. For example:

Metal levels

Level Plan pays You pay
Bronze* 60 percent 40 percent
Silver 70 percent 30 percent
Gold 80 percent 20 percent
Platinum 90 percent 10 percent

*Bronze plans have the minimal level of coverage you need to meet the requirement to have health insurance.

Out-of-pocket costs are limited

Out-of-pocket costs, such as deductibles and copays, are limited to the same costs allowed in a health savings account (HSA). The amount changes each year, and in 2015 will be $6,450 for an individual and $12,900 for a family.

Tax credits

If you're an individual or family earning between 138 percent and 400 percent of the Federal Poverty Level (FPL), you could get help paying your premium (www.wahealthplanfinder.org). The FPL changes annually, but today 138-400 percent is $16,105-$46,680 for an individual and $32,913 and $95,400 for a family of four.

Help with cost-sharing

If your income is between 138-250 percent the FPL ($16,105-$29,175 for an individual) and you buy a silver metal level plan in the Healthplanfinder, you could get help with your cost-sharing.

Free coverage

If you earn less than 138 percent of the FPL ($16,105), you could qualify for free coverage through expanded Medicaid (www.hca.wa.gov).

Updated 08/05/2014

See also

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