In the health insurance marketplace, what percentage of coverage does the Gold tier provide?

The Gold tier in the health insurance marketplace provides 80% coverage for essential health benefits. This means that, on average, a Gold plan will cover 80% of your medical expenses, while the insured individual is responsible for the remaining 20% in costs such as deductibles, copayments, and coinsurance.

This tier is designed for individuals who expect to need more medical care and prefer to pay a higher premium for lower out-of-pocket costs when they do seek care. The Gold tier offers a balance between monthly premium costs and potential out-of-pocket expenses, making it an attractive option for those who want substantial coverage without incurring the highest premiums associated with the Platinum tier, which offers 90% coverage.

In the context of health insurance tiers, 60% coverage corresponds to the Bronze tier and 70% corresponds to the Silver tier, both of which involve higher costs to the insured for healthcare services compared to the Gold tier.