What is the definition of "Marketplace" coverage?
The Patient Protection and Affordable Care Act: commonly referred to as the Affordable Care Act (ACA) and also known as Obamacare – is a sweeping piece of legislation passed by the 111th Congress and signed into law by President Barack Obama in 2010.
The law was created to improve the affordability and quality of health insurance in the United States.
The premium subsidies which are actually tax credits to offset the cost of premiums for any level of ACA compliant health insurance plan available through the marketplace.
Subsidy eligibility is largely based on income, but there are a handful of other factors, including immigration status, age, and access to government-sponsored or employer-sponsored coverage. Speak to one of our agents for more information.
