Certified Application Counselor Practice Test

At what percentage does the platinum metal level provide coverage?

1. 60%

2. 70%

3. 80%

4. 90%

The correct answer is: 90%

The platinum metal level in health insurance coverage is designed to provide extensive healthcare benefits, typically covering about 90% of the total medical expenses for a standard population. This high level of coverage means that out-of-pocket costs for the insured individuals are significantly reduced compared to lower metal tiers, such as bronze or silver plans. In essence, when individuals select a platinum plan, they can expect a high proportion of their healthcare costs to be covered, which makes it an attractive option for those who anticipate substantial medical needs. This is a critical aspect of understanding how different metal levels work in health insurance plans, as it can guide consumers in choosing the plan that best matches their healthcare needs and financial situation.