Health Insurance Marketplace
A digital marketplace where individuals and families can explore, compare, and sign up for health insurance plans. These marketplaces were established under the Affordable Care Act.
Detailed Explanation
The marketplace allows you to see if you qualify for subsidies or tax credits to help lower the cost of your insurance.
Practical Example
Tom lost his job and needed to find new health insurance. He visited his state's health insurance marketplace website, where he could compare different plans and see if he qualified for any financial assistance to make coverage more affordable.
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