The Health Insurance Marketplace, also known as the "Marketplace" or "exchange," is a service that helps people shop for and enroll in health insurance. It's operated by the federal government and available at HealthCare.gov for most states, although some states run their own Marketplaces.
How Does It Work?
The Marketplace provides health plan shopping and enrollment services through:
- Websites
- Call centers
- In-person help
This means you can choose the most comfortable method when seeking information or enrolling in a plan.
What About Small Businesses?
Small business owners, don't feel left out! You can use the Small Business Health Options Program (SHOP) Marketplace to provide health insurance for your employees.
The Application Process
When you apply for individual and family coverage through the Health Insurance Marketplace, you'll need to provide some basic information:
- Income details
- Household information
Based on this information, you'll find out if you qualify for:
- Premium tax credits and other savings to make insurance more affordable.
- Coverage through Medicaid and the Children's Health Insurance Program (CHIP) in your state.
State-Specific Marketplaces
You can search here if you live in a state that runs its own Marketplace. Call or make an appointment with Insuraplan if you need help enrolling in a state exchange.
Why Use the Marketplace?
The Health Insurance Marketplace offers several benefits:
- Easy comparison of health plan options
- Potential savings through tax credits and subsidies
- Access to Medicaid and CHIP if you qualify
- Guaranteed coverage for essential health benefits
- Coverage for pre-existing conditions
Don't let another year go by without the peace of mind that comes with having health insurance. Talk with Insuraplan today to explore your options and find a plan that fits your needs and budget.
