Which metal tier under the Affordable Care Act has an actuarial value of 70%, with covered individuals paying 30% through various cost-sharing features?

The metal tier under the Affordable Care Act that corresponds with an actuarial value of 70% is the Bronze plan. In this tier, the insurance company covers approximately 70% of healthcare costs on average, while covered individuals are responsible for the remaining 30% through various cost-sharing features such as deductibles, copayments, and coinsurance. This design allows consumers to choose a plan that may have lower premiums but also higher out-of-pocket costs when they need care. Understanding these tiers is crucial for consumers as they navigate their healthcare options, balancing their premium costs with their potential healthcare expenses.

The Silver plan, while it might seem like a rationale choice due to its name, actually corresponds to an actuarial value of 70% as well but is not the one that defines the 30% out-of-pocket responsibility in this specific context. The Gold and Platinum plans have higher actuarial values, which means they cover a larger percentage of healthcare costs compared to the Bronze plan.