Manufacturing Insights

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Collins, vice president for health care coverage and access at the Commonwealth Fund, a private foundation that supports health care research. Rates vary by the state, insurer and the metal level (bronze, silver, gold and platinum). Bronze plans usually have the lowest premiums but deductibles and co-payments will be higher. Gold and platinum plans may have higher premiums but lower out-of-pocket costs. Once on the site, the marketplace will calculate your tax credit, which is based on the benchmark plan in your region, said Louise Norris, who has run a health insurance brokerage in Colorado since 2003 and writes about the topic for and Verywell. (H.H.S. designates the benchmark plan as the second-lowest-cost silver plan in your region). If you qualify for a tax credit, the exchange will apply it to any of the plans named for metals (but not “catastrophic” plans aimed at healthy young people). Credits for out-of-pocket costs also are included but only on silver plans and only if you’re eligible. Using KFF’s Health Insurance Calculator , a hypothetical nonsmoker, age 55, earning $40,000 next year would pay $786 per month for a silver plan but would be eligible for a tax credit worth $458 per month, making the monthly costs for that plan only $328. “Every month, the I.R.S.