Insurance Exchanges

Insurance exchanges are online marketplaces where individuals and small businesses can compare and purchase health insurance plans. They are designed to increase transparency, making it easier to find coverage that fits your needs and budget. Exchanges also often provide information on financial assistance options, like subsidies, to help lower-income individuals afford coverage. They are operated by either government entities or approved private organizations and aim to simplify enrollment, ensuring consumers have access to a variety of plans with clear details on costs and benefits. Essentially, exchanges serve as centralized hubs to make health insurance shopping more straightforward and accessible.