This content is for general informational purposes and does not constitute medical, legal, or financial advice. Healthcare rules and costs change annually. Last reviewed: January 1, 2025. Always verify current details with your insurer, employer, or a licensed healthcare navigator.
Silver Plan
The mid-tier ACA plan — the only tier eligible for cost-sharing reductions based on income.
Full Definition
Silver is the second-lowest ACA metal tier, covering roughly 70% of average healthcare costs. Silver plans are the most popular tier because they are the only plans eligible for cost-sharing reductions (CSRs) — extra savings that lower your deductibles, copays, and out-of-pocket maximum if your income is between 100% and 250% of the federal poverty level. Most premium tax credits are also calculated based on the benchmark Silver plan price.
Real-World Example
A family earning $50,000/year qualifies for both premium tax credits and cost-sharing reductions on a Silver plan. Their Silver plan effectively covers 87% of average costs — much better than the standard 70% — at the same Silver premium.
Related Terms
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