What is a health insurance marketplace?

A health insurance marketplace is an online platform where individuals, families, and small businesses in Washington can find, compare, and enroll in health insurance plans. Consumers can access the marketplace to determine their eligibility for financial assistance, search for health plans based on their individual needs, and enroll in a plan. The health insurance marketplace is designed to make it easier for Washington residents to shop for and compare plans, understand their coverage options and costs, and access subsidies to pay for premiums. Most of the plans available through the marketplace meet specific standards established by the state and federal government, ensuring they offer basic levels of coverage. In addition, the marketplace provides information on the essential health benefits required by the health insurance law, as well as other information to help consumers make the best decisions for their health care needs. Ultimately, the marketplace enables Washington consumers to find quality, affordable health insurance by making health insurance coverage accessible and more affordable.

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What is a health insurance marketplace?

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