Health Insurance Exchanges

The Marketplace: Another way to buy health insurance

Beginning Oct. 1, 2013, individuals and small businesses can shop for health plans that go into effect on Jan. 1, 2014, through insurance Marketplaces, also called exchanges, in each state. People will still be able to purchase insurance directly from an insurance company or through a broker. The Marketplaces simply offer a new option. They are intended to increase the size of the insured pool to spread out risk and keep costs stable.

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