What Are Health Insurance Marketplaces?

Posted on: Wednesday, July 31, 2013  Comments (0)

If you receive health insurance through your employer, which is the case for a majority of U.S. citizens, the Affordable Care Act likely will not affect you directly. However, beginning in October, people without this option will be able to shop for health insurance on what have come to be known as marketplaces (formerly called exchanges). These marketplaces serve as an alternative to buying coverage directly from individual health insurers, and will act as the principle system helping individuals and small businesses purchase health insurance coverage.