What Does Health Insurance Through The Marketplace Mean?

The Health Insurance Marketplace is a term you hear often when it comes to health care. The confusing part about understanding what this means and how they can help me find my plan? I’m glad you asked! In today’s blog post, we will go over some common questions surrounding the marketplace so that all of us who are interested in purchasing affordable medical insurance have an easier time doing just that.

What is a health insurance marketplace?

A health insurance marketplace is a place where you can shop for quality health coverage. There are three types of marketplaces: federal government, state-based exchanges, or private, depending on your location and income levels qualify as subsidized policies from the government with reduced rates if qualified.

“Obamacare” (officially named as Affordable Care Act) regulates what kind of care services people need before being able to access them through private providers such that no citizen would ever have reason to go without needed medical help because there was not enough money available within their household budget.

Are all health insurance marketplaces run by the government?

You may be surprised to learn that in the United States, there are three types of health insurance marketplaces: 

State Government

States are in charge of running Health Insurance Marketplaces for their residents. Health insurance plans offered through the marketplace are subsidized by the federal government, meaning that Americans who qualify can receive much lower rates on their monthly premiums – this is one reason why more and more people keep debating about signing up for a health care plan via Blue Ocean Insurance. 

Federal Government 

The federal government’s health insurance marketplace is the best option for those without their state-based marketplaces.  Health insurance plans offered through the Health Insurance Marketplace are subsidized by the federal government, meaning that Americans who qualify can receive much lower rates on their monthly premiums. You can search more about this looking up in different federal government websites.


Private health insurance exchanges like Blue Ocean offer a convenient way for people from all states to buy marketplace and alternative health coverage. If you choose the right plan, your purchase will include essential ACA benefits that are no different than what’s offered on federal or state-based marketplaces with one exception: it should be faster! You’re entitled (or eligible) for subsidies too so don’t worry if it doesn’t seem quite as affordable at first glance–you’ll get exactly how much money back in government funds after paying into this private marketplace just as easily if not more so when purchasing through them rather then going directly through Healthcare Marketplace websites.

Do I have to get my plan through the health insurance marketplace? 

Marketplace plans are great, but they might not be right for everyone. For example, you may qualify for a government subsidy that would make cheaper on-exchange plans more affordable, or if your work doesn’t offer coverage through the exchange and you don’t want to pay full price upfront just so they can drop it later without warning because what happens in most cases is these companies will deny anyone who has ever had any form of a pre-existing condition which means even something small like acne could prevent someone from getting insurance at all! 

However, not everyone qualifies or wants the hassle of shopping around in both state and federal marketplaces so Blue Ocean Insurance offers more options-including off-exchange plans which provide even greater flexibility! The convenience and large selection you’ll find on Blue Ocean make shopping for health insurance much easier. You will be able to compare the costs of different types, from bronze level up through platinum with just one click! This eliminates any hassle or frustration in trying to match your needs against various sites that may offer coverage options. 

Visit us today at our official website and let us help you find the right health care plan for your needs!

Who can buy health insurance through the marketplace?

In order to enroll in Obamacare, you must meet a few requirements to buy a health insurance marketplace. You need:

  • Live within the United States
  • Be a U.S citizen or national
  • Not be incarcerated
  • Not already covered by Medicare (a government program that covers senior citizens)

Anyone meeting these requirements can buy health insurance through the Health Insurance Marketplace, but you have to meet certain qualifications first (If you would know more about these qualifications, click here.  If your household income is between 100% and 400% of the Federal Poverty Level (FPL), then you may qualify for subsidized coverage on the marketplace. FPL numbers are different depending on your state. 

If you are looking to purchase health insurance for yourself or your family, the marketplace is a great place to start. But not all marketplaces are run by government agencies and some may charge more than others. Be sure to contact us at Blue Ocean Insurance so we can help guide you through this process! With our guidance, getting set up with coverage will be quick and painless – even if it’s just temporary until other plans become available in the future. We have years of experience handling these types of situations, so don’t wait any longer- let us get started on finding you peace of mind today!!