What is Private Health Insurance?
You may be able to purchase private health insurance outside of the marketplace.
These private plans, commonly known as “off-exchange health plans,” may satisfy all the requirements of the Affordable Care Act (ACA) and offer the same 10 essential health benefits as a marketplace plan.
A significant distinction, however, is that you cannot apply a premium tax credit to an off-exchange health plan as you can with a marketplace plan.
This means there’s a financial incentive for you to select a marketplace plan if you qualify for a premium tax credit.
The private health insurance plans available will differ based on your location. The federal and state marketplaces do not provide a list or access to these off-exchange plans, but that’s where we can assist you.
As an independent insurance broker, we can help you evaluate plans that are available both on and off the marketplace.