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CBO: Estimated Premiums for "Bronze" Coverage Under the Patient Protection and Affordable Care Act

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Estimated Premiums for “Bronze” Coverage Under the Patient Protection and Affordable Care Act, Letter to the Honorable Olympia Snowe, January 11, 2010

  • “This letter responds to your request for additional information about expected premiums under that proposal for policies that would meet the minimum requirements necessary to avoid paying a penalty for not having insurance. As a rule, individuals would be required to have a policy covering the “essential benefits” specified in the legislation and having an actuarial value of at least 60 percent in order to avoid such a penalty. (A plan’s actuarial value is the share of costs for covered services that it would pay, on average, with a broadly representative group of people enrolled.) That minimum level of coverage is designated as a “Bronze” plan.”
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