What is the Health Care Marketplace?
The Marketplace is a new way to find health coverage that fits your budget and meets your needs. When you use the Health Insurance Marketplace, you'll fill out an application and find out if you can get lower costs on your monthly premiums for private insurance plans. You'll find out if you qualify for lower out-of-pocket costs.
The Marketplace will also tell you if you qualify for free or low-cost coverage available through Medicaid or the Children's Health Insurance Program (CHIP).
Health Insurance Marketplaces: What do you need to know?
Health Insurance Marketplaces are state-based competitive Marketplaces where people and small businesses can shop for and buy private health insurance. The Marketplaces are not private insurance companies or government-run health plans.
With one application, consumers can find out if they qualify for health plans in the Marketplace, and other programs like Medicaid and the Children's Health Insurance Program (CHIP), tax credits and cost-sharing reductions.
Consumers can apply for coverage and enroll in a health plan through the Marketplace starting October 1, 2013, and coverage starts January 1, 2014.
I keep hearing about the Affordable Care Act in 2014. What does this really mean to me?
Whether you need health insurance coverage or have it already, the health care law offers important rights and protections. Here are 10 ways the health care law protects you today and in 2014:
- Creates the Health Insurance Marketplace, Creates the Health Insurance Marketplace, a new way for you to get health coverage.
- Requires insurance companies to cover you if you have a pre-existing condition.