Who is the Marketplace for?
The Florida Health InsuranceMarketplace is where eligible residents can shop for and buy insurance in person, online, or by phone. In Florida, the Marketplace is run by the federal government. The Marketplace, also called an Exchange, is mainly for people who:
- Don’t have insurance
- Aren’t insured by their employer
- Don’t have Medicare
- Aren’t included in their spouse’s employer insurance
- Have pre-existing conditions and may have had trouble getting insurance before
- Have private insurance but want to look at other options
- Own a small business
The Affordable Care Act requires most Americans to sign up for health insurance or pay a penaltyat income tax time. Generally, you don’t need to buy insurance through the Marketplace if you are covered by Medicaid, Medicare, TRICARE, or an employer-sponsored plan.
When You Can Enroll: The next open enrollment period is Nov. 1, 2016, to Jan. 31, 2017. Enroll online at http://www.elivingbenefits.com
All health plans purchased through the marketplace (sometimes called an exchange) will qualify as minimum essential coverage (meaning you won’t have to pay the fee for not having insurance). You can also find out if you qualify for Medicaid, CHIP or Medicare through http://www.elivingbenifits.com click on obamacare logo.
Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses, among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity. According to the Health Insurance Association of America, health insurance is defined as “coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment
No one plans to get sick or hurt, but most people need medical care at some point.Health insurance covers these costs and offers many other important benefits.Health insurance protects you from unexpected, high medical costs. You pay less for covered in-network health care, even before you meet your deductible.