Health Insurance

The ACA (Affordable Care Act), also known as Obamacare, created health insurance marketplaces, also called exchanges, where individuals and small businesses can compare and purchase health insurance plans. These exchanges offer a range of plans from different insurance companies, including Bronze, Silver, Gold, and Platinum plans with varying levels of coverage and costs.

Individuals who meet certain income criteria can also receive subsidies to help pay for their insurance premiums and out-of-pocket costs through the exchange. Open enrollment for the ACA exchange typically occurs in the fall, although certain qualifying events may allow individuals to enroll outside of the open enrollment period.