Though considered the most expensive of the Patient Protection and Affordable Care Act metal health coverage plans, platinum plans for certain consumers may be the most economical option.

When it comes to covering the cost of specialty drugs, platinum plans offer the lowest out-of-pocket cost to the consumer, according to a HealthPocket study of public information about the various metal plans from nine states.

HealthPocket looked at the average out-of-pocket costs for each exchange plan (platinum, gold, silver, bronze) on five common specialty drugs. These are defined as drugs that are expensive, treat complex conditions, and have few or no generic alternatives.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.