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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.

Affordable Care Act (ACA)

Commonly used shorthand for the Patient Protection and Affordable Care Act, the 2010 health care reform law signed by President Obama; often referred to as…