Beginning in 2014, tens of millions of Americans will have access to health coverage through newly established Exchanges (Marketplaces) in each State. Individuals and small businesses can use the Marketplace to purchase affordable health insurance from a choice of products offered by qualified health plans. The Marketplace will ensure that participating health plans meet certain standards and facilitate competition and choices by rating health plans’ quality. Individuals and families purchasing health insurance through the Marketplace may qualify for premium tax credits and reduced cost-sharing if their household income is between 138% and 400% of the Federal Poverty Level. The Marketplace will also coordinate eligibility and enrollment with Medicaid and CHIP (the hawk-i program).
Click here to view a short video describing what the Marketplace is