ACA 101: Understanding the Health Insurance Marketplace
Many states have opened enrollment periods for the Health Insurance Marketplace, also known as the ACA (Affordable Care Act). This is an opportunity for individuals and families who do not have health insurance through their employer or another program to purchase health coverage.
What is the ACA Marketplace?
The ACA Marketplace is a website where you can compare and purchase health insurance plans from private insurance companies. The Marketplace is designed to make it easier for people to find and enroll in health insurance, and to provide financial assistance to those who qualify.
Who is eligible for the ACA Marketplace?
Most people can apply for health insurance through the ACA Marketplace, regardless of their income or health status. However, there are some eligibility requirements:
You must be a U.S. citizen or a legal resident.
You cannot be incarcerated.
You cannot have access to affordable health insurance through your employer or another program.
How do I apply for the ACA Marketplace?
You can apply for the ACA Marketplace online at HealthCare.gov or by phone at 1-800-318-2596. You can also apply in person at a local enrollment center.
What are the benefits of the ACA Marketplace?
The ACA Marketplace offers a number of benefits, including:
Financial assistance. You may qualify for a subsidy to help you pay for your health insurance premiums.
Access to affordable health insurance. The Marketplace offers a variety of health insurance plans to choose from, including plans with low premiums and deductibles.
Peace of mind. Having health insurance can give you peace of mind knowing that you are protected in case of an accident or illness.
What are the next steps?
If you are interested in learning more about the ACA Marketplace, you can visit HealthCare.gov or call 1-800-318-2596. You can also find a local enrollment center by visiting the website of your state’s insurance department.
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