Health insurance exchange

A health insurance exchange is an online marketplace where individuals and small businesses can compare, select, and purchase health insurance plans. It simplifies the process by providing standardized options, clear information on coverage and costs, and sometimes financial assistance based on income. Exchanges aim to make insurance more accessible and affordable, encouraging more people to get coverage and reducing the number of uninsured. They are often operated or regulated by state or federal governments, ensuring transparency and helping consumers make informed decisions about their healthcare coverage.