Health Insurance (ACA)
The Patient Protection and Affordable Care Act, also the Affordable Care Act or colloquially known as Obamacare, Investments. Get Matched with 20+ Featured ACA Plans. Choose Your Deductible, Coverage, Co-Pays, and Get Customized Plan Recommendations.
What Is the ACA Health Insurance Marketplace?
The Health Insurance Marketplace is a platform that offers insurance plans to individuals, families, and small businesses. The Affordable Care Act (ACA) established the Marketplace as a means to extend health insurance coverage to millions of uninsured Americans. Many states offer their own marketplaces, while the federal government manages an exchange open to residents of other states.
- The Health Insurance Marketplace is a gateway for individuals, families, and small businesses to access health insurance.
- It was created following the passage of the Affordable Care Act.
- The Marketplace is available to those who don’t have access to health insurance through employer-sponsored plans.
- The Marketplace enables various insurers to compete for customers by offering a variety of plans based on cost and need.
- A number of states have marketplaces and the federal government has an exchange available for residents of the states that don’t have their own.