Welcome to the Marketplace Exchange
Healthcare Reform requires every state to offer an exchange to its residents. That is where the Federal Exchange comes in. Federal exchanges are available for use by individuals, and small group employers.
To simplify the process, health plans on a federal exchange will be labeled:
The levels will help shoppers understand the level of coverage a plan offers including; how much they will need to pay and what the plan covers.
If you do not qualify for a subsidy or advanced tax credit- the private exchange offers a solution for you. Private exchanges are not part of the Affordable Care Act. They are created by private sector companies such as PMG Agency.
For employers who are trying to keep the cost of offering health benefits manageable, private exchanges offer a great solution.
Employers can give their employees a set amount of money and then direct them to a private exchange. There, they can shop for a health plan and other benefits, like dental, based on what the employer has selected as options.
Would you like more information?
To learn more about the affordable coverage launching October 1, 2013 in the marketplace just leave your details and we will contact you soon.
We are always a phone call away at 1(866) 764-2204
vCita Free Contact Form
If you qualify for a subsidy, choose an agent from the Federal Exchange drop down above. If you do not qualify choose an agent from the Private Exchange drop down list.
The Marketplace Exchange
The Affordable Care Act is increasing your access to health care. Health insurance exchanges will be an important part of that. Starting in 2014, you will be required to buy health insurance or face penalties.
So, what are Exchanges? How do they work? How will things change?
Exchanges are new and easy to use.Think of an exchange as an online marketplace (like eBay). It’s a website where you may research all of your options and then buy health insurance.There are two different types of exchanges; the Public Exchange (Federal) and the Private Exchange. So, what exchange should you use?
Frequently Asked Questions
You can save money in the Marketplace 3 ways. All of them depend on your income and family size.
- You may be able to lower costs on your monthly premiums when you enroll in a private health insurance plan.
- You may qualify for lower out-of-pocket costs for copayments, coinsurance, and deductibles.
- You or your child may get free or low-cost coverage through Medicaid or the Children’s Health Insurance Program CHIP.
When you fill out your Health Insurance Marketplace application, you’ll find out how much you can save. Most people who apply will qualify for lower costs of some kind.