Also referred to as the Exchange, Marketplace is a website (healthcare.gov) where individuals can compare plans and purchase health insurance. Marketplace plans are great for individuals and families that are eligible for discounts or financial subsidies. These discounts may include:
Tax credits lower the monthly premium you pay for health coverage and are more available than ever due to the 2021 American Rescue Plan act. Depending on your household income level, these credits can pay for a considerable amount of your premium. You can use your tax credit on most Marketplace plans.
| Household size | Percentage of Federal Poverty level | ||
|---|---|---|---|
| 100% | 250% | 400% | |
| 1 person | $14,580 | $36,450 | $58,320 |
| 2 people | $19,720 | $49,300 | $78,880 |
| 3 people | $24,860 | $62,150 | $99,440 |
| 4 people | $30,000 | $75,000 | $120,000 |
| Coverage information | May qualify for cost-sharing reductions and advanced premium tax credits | May qualify for cost-sharing reductions and advanced premium tax credits | May qualify for advanced premium tax credits |
Plan quality ratings and enrollee survey results are calculated by CMS using data provided by health plans in 2022. The ratings are being displayed for health plans for the 2023 plan year. Learn more about these ratings.