The "Silver plan" is a type of health insurance plan available through the Health Insurance Marketplace. It offers a balance between monthly premiums and out-of-pocket costs, making it a popular choice for many individuals and families. Silver plans typically cover about 70% of healthcare costs, meaning that enrollees are responsible for the remaining 30% through deductibles, copayments, and coinsurance. Silver plans are particularly beneficial for those who qualify for cost-sharing reductions, which lower out-of-pocket expenses for eligible individuals. These plans are designed to provide essential health benefits, including preventive services, emergency care, and prescription drugs, ensuring that members have access to necessary medical care.