Insurance Exchange

An insurance exchange is a marketplace where individuals and small businesses can compare and purchase health insurance plans. It was established to help people find affordable health coverage, especially after the implementation of the Affordable Care Act in the U.S. Through these exchanges, users can evaluate different plans based on factors like price, benefits, and provider networks. Many exchanges also provide financial assistance to eligible individuals, making insurance more accessible. Overall, insurance exchanges aim to promote competition and help consumers make informed choices about their health insurance options.