Covered California Certified Enroller Practice Exam

Which plan does NOT provide financial assistance?

1. Silver 87

2. Gold

3. Catastrophic

4. Silver 94

The correct answer is: Catastrophic

The Catastrophic plan is designed specifically for young adults under 30 and for some low-income individuals. It offers lower monthly premiums but comes with higher deductibles and out-of-pocket costs, making it a safety net for unexpected high-cost medical events. However, it does not provide financial assistance in the form of premium tax credits or cost-sharing reductions that are available with other plans. On the other hand, the Silver 87 and Silver 94 plans do provide significant financial assistance to eligible individuals, particularly those with lower incomes, as they are designed to reduce out-of-pocket costs through cost-sharing reductions. The Gold plan, while it offers a balance of higher premiums and lower out-of-pocket costs compared to Silver plans, also allows for some level of financial assistance based on income levels. Understanding the structure of these plans clarifies that the Catastrophic plan stands apart in its lack of financial assistance options, making it the correct answer.