What Is the Health Insurance Marketplace? The federal Health Insurance Marketplace, which is also called the “Marketplace” or “Exchange,” is the infrastructure we use to browse various health care plans available under the Affordable Care Act, commonly known as “Obamacare,” as well as compare them, and purchase health insurance.
How Can I Enroll in a Health Care Plan? Generally, you have to enroll during the Open Enrollment Period. Although, you might qualify for a Special Enrollment Period if you’ve gone through a major life event like losing other coverage, getting married, or having a baby. Also, certain income levels will qualify you to enroll outside of open enrollment. Give us a call to learn more.
FAQ What Is a Premium Tax Credit? A “premium tax credit” is a credit you can use to lower your monthly insurance payment when you enroll in a plan through the Marketplace. Only certain people are eligible for lower premiums and lower out-of-pocket costs for Marketplace plans. To qualify for lower premiums for a Marketplace plan, your household income must be between 100% of the federal poverty level and 400% of the federal poverty level