I’m a young college student looking to start purchasing health insurance here in the United States this year. I’m aware that open enrollment for 2021 starts tomorrow (November 1, 2020) and fully understand it’s purpose and it’s components. Where I start to become confused is at the income realm of healthcare. I have two questions regarding this,
Hypothetically speaking, why is a man that makes $0.00 yearly not qualified for the same perks and savings that a person making $20,000 yearly is qualified for? I noticed that people making between $12,000 and $40,000 qualify for the most savings and perks in the healthcare marketplace. It you make below $12,000 it says that you might not qualify for any saving or perks at the time. Why is this? You’d think that the people with the lowest level of income or NO source of income would qualify for the HIGHEST levels of saving and perks! This doesn’t seem to be the case though. I’m thinking it might have something to do with laws put in place rearguing the federal poverty level. Please help!
Why are most of the saving and perks associated with “silver” health plans. I notice that in order to qualify for the highest level of savings and insurance that one MUST pick a silver plan. Why are the silver plans the chosen plans for the highest levels of savings? Why they delegate them solely to the silver-plans?