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Silver Plan

The second lowest actuarial level health plans available through the insurance exchanges, equal to a 70 percent actuarial value. An individual’s subsidy is based on the second lowest cost silver plan in their region. Bronze, Gold, and Platinum plans offer varying actuarial values.

Grandfathered Plan

A health insurance plan already in effect before the provisions of the ACA were implemented that is allowed to continue being offered to enrollees under…