insurance marketplace
Policy shopping platform
An insurance marketplace is a platform—typically online—where consumers can compare and purchase insurance policies from multiple providers.
In the United States, the term most often refers to exchanges created under the Affordable Care Act where individuals shop for health coverage: She found a plan through the insurance marketplace.
These marketplaces allow side-by-side comparison of premiums, deductibles, and coverage levels, and may determine eligibility for subsidies.
- exchangeMutual giving and receiving
- health planOrganized healthcare financing scheme
- coverageExtent of inclusion
- premiumAdded cost for better
- brokerTransaction intermediary for hire
enrollment · healthcare · policy · fine print · quotes · deductible · out of pocket · plans · family coverage · open enrollment · special enrollment · subsidies · tax credit · compare · side by side · shop around · Obamacare · pre-existing condition
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