You are here:HomeIssuesHealth Care Reform2013Frequently Asked Question: What is a Health Exchange or a “Marketplace?”

Frequently Asked Question: What is a Health Exchange or a “Marketplace?”

The Patient Protection and Affordable Care Act (ACA) has caused a lot of confusion, not only for consumers but also for professional independent insurance agents who will be adapting to a much-changed health insurance landscape...
January 30, 2013

The Patient Protection and Affordable Care Act (ACA) has caused a lot of confusion, not only for consumers but also for professional independent insurance agents who will be adapting to a much-changed health insurance landscape. PIA National has answered some commonly asked questions in short, simple responses. We will be building our list of questions and answers, which can be found here: http://www.pianet.com/faq/health-care-reform-faq.

Question: What is a health exchange or a “marketplace”?

Answer: Essentially, exchanges are websites that will sell insurance. The intent of the exchange will be to assist consumers with the education and purchase of health insurance. The ACA requires a health exchange to be operating in every state by January 2014. Beginning in January 2013, the United States Department of Health and Human Services (HHS) began referring to exchanges as marketplaces.

Filed under: