insurance marketplace

An insurance marketplace is a platform where individuals and small businesses can compare, choose, and purchase different health insurance plans. It simplifies finding coverage by providing a variety of policies from multiple insurance providers in one place. These marketplaces often offer tools to help evaluate costs, coverage options, and eligibility for subsidies or financial assistance. They are designed to make securing health insurance more transparent, accessible, and affordable, especially for those without employer-sponsored plans. Overall, an insurance marketplace serves as a centralized, regulated area for consumers to find suitable health coverage options efficiently.