If you’re eligible for cost-sharing reductions and enroll in a silver plan, you’ll automatically benefit from reduced cost-sharing charges, such as lower deductibles, out-of-pocket maximums, and copayments.
Read More: ACA Silver and Bronze Plans Take First Place
Funds for cost-sharing reductions come from the federal government. They reimburse your health insurance company for the estimated costs of the discounts you receive throughout the year. GetInsured can help you decide if a plan with these benefits are right for you.