12+ Health Insurance Exchange Definition Background. A health insurance exchange is an online health insurance marketplace available in all states and the district of columbia that was put in place under deeper definition. In the united states, health insurance marketplaces, also called health exchanges, are organizations in each state through which people can purchase health insurance.
Qhp means that the plan meets certain requirements under the affordable care. Health insurance exchanges are the central mechanisms created by the health reform bill to help individuals and small businesses purchase health insurance coverage. Another term for the health insurance marketplace®, a service available in every state that helps individuals, families, and small businesses shop for and enroll in affordable medical insurance.
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The largest health insurance exchange, healthcare.gov, is run by the federal government, serving health insurance shoppers in 36 states. A health insurance exchange is a set of health care plans in the u.s. Open enrollment is here so all americans can shop for affordable health insurance. The obamacare health insurance exchanges reopen on november 1, 2018.