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Health Insurance Marketplaces

As of January 1, 2014, there is a new way for individuals, families, and small businesses to get health insurance: the Health Insurance Marketplace. These Marketplaces also are referred to as Exchanges. Marketplaces are a location where you can go to find health insurance coverage.

Whether an individual is uninsured or just wants to explore new options, the Marketplace is designed to give consumers more choice and control over their health insurance coverage, by helping them find health insurance that fits their budget, with less confusion and hassle.

Almost everyone who does not have insurance through an employer can use the Health Insurance Marketplace to explore health insurance options. There are only three requirements to get insurance through the Marketplace:

Consumers have a choice between purchasing several different plans in these Marketplaces. However, all health insurance companies that want to sell their plans through the must offer the following standardized plan levels: platinum, gold, silver, bronze, and catastrophic. The difference between these plan levels is the amount of money that your health insurance plan pays for your medical costs (cost-sharing).

For more information, visit HealthCare.gov

Every state has a Marketplace, but each state’s Marketplace operates a little differently. States can create and run their own Marketplace, or have a Marketplace run by the U.S. Department of Health and Human Services (HHS). States also may choose to partner with HHS to run their Marketplace. The following chart show where states are today.

State
Marketplace
13
Federally-Facilitated
Marketplace
www.HealthCare.gov
27
Federally-Supported Marketplace
www.HealthCare.gov
4
State-Partnership Marketplace
www.HealthCare.gov
7
CA, CO, CT, DC, ID, KY, MA, MD, MN, NY, RI, VT, WA AK, AL, AZ, FL, GA, IN, KS, LA, ME, MS, MO, MT, ND, NE, NJ, NC, OH, OK, PA, SC, SD, TN, TX, UT, VA, WI, WY HI, NV, NM, OR AR, DE, IA, IL, MI, NH, WV

*Updated March 3, 2016