Why Bronze Plans Are a Great Option on the Marketplace

If you're exploring health insurance options on the Marketplace, bronze plans might be worth considering for several compelling reasons. These plans are especially appealing due to their affordability, predictable costs, and flexibility with Health Savings Accounts (HSAs) options. Let’s break down why a bronze plan might be the perfect fit for you and your family.

Affordable with Predictable Costs

Bronze plans are often praised for their lower monthly premiums compared to silver and gold plans. Some carriers even offer $0 deductible bronze plans that have fixed copays for most services. This means that you don't have a high multi-thousand dollar deductible to meet when you use healthcare services, the costs are predictable. Most visits to doctors, urgent care, and even MRI services have a low fixed copay amount. For many of our clients, especially those who frequently visit doctors, these plans offer a manageable way to cover everyday health needs without unexpected expenses.

Ideal for Health Savings Accounts (HSAs)

Some bronze plans are compatible with HSAs, or Health Savings Accounts, which are a great tool for those who want to save money on taxes while setting aside funds for healthcare expenses. Contributions to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free. Additionally, any unused funds roll over year after year, giving you flexibility and control over your healthcare budget. This tax advantage is a significant perk for many individuals and families. If you rarely or never meet your deductible on your health plan, this can be a great way to save on monthly premiums.

Affordable for Higher-Income Families

If your household income is slightly higher, bronze plans can still be a great choice. Depending on your household size, zip code, and income, you might find that most or even all of your premiums are covered through subsidies. Over 50% of our clients at Utah Avenue pay less than $50/mo for their health insurance for the whole family. This makes bronze plans a viable option for families who might otherwise be deterred by the cost of health insurance. Talk with a local agent at Utah Avenue Insurance to see what your premium would be on a bronze plan. Our local agents can ensure that the doctors and medications are covered and ensure that you never over pay for health care.

Perfect for Healthy Families

Healthy families who rarely meet their deductible often prefer bronze plans due to their low premiums. Additionally, preventative care is covered at no cost, which means you can still get essential health services without additional expenses. This is a fantastic option if you’re looking to save on premiums while ensuring that routine care is covered.

Open Enrollment is Here

It's currently open enrollment season, which is your annual opportunity to select or change your health insurance plan for the upcoming year. You need to make your decision before December 15th to ensure coverage starts on January 1st. This is the perfect time to speak with a local agent from Utah Avenue to see if a bronze plan is the right fit for you and your family.

At Utah Avenue, our agents are here to help you navigate your options and find the best plan for your needs. Contact us today to explore if a bronze plan might be the ideal solution for your health insurance needs this year.