Federal health insurance exchanges

Federal health insurance exchanges, also known as marketplaces, are online platforms where individuals and small businesses can compare, choose, and purchase health insurance plans that comply with federal standards. Established under the Affordable Care Act, these exchanges aim to increase access to affordable coverage, often providing subsidies based on income to make insurance more affordable. They serve as a centralized, transparent way to shop for health plans, with information on coverage options, costs, and provider networks, helping consumers make informed decisions about their healthcare options within the framework of federal regulation.