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Silver Plan

The second lowest actuarial level health plans available through the insurance exchanges, equal to a 70 percent actuarial value. An individual’s subsidy is based on the second lowest cost silver plan in their region. Bronze, Gold, and Platinum plans offer varying actuarial values.

Patient Protection and Affordable Care Act (PPACA)

The 2010 health care reform law, also referred to as the Affordable Care Act, the ACA, and Obamacare.