What is Private Health Insurance?
You may be able to purchase private health insurance outside of the marketplace.
These private plans, often referred to as “Off-Exchange Plans”, may meet all the requirements of the Affordable Care Act (ACA) and provide the same 10 essential health benefits as a marketplace plan.
A key difference, however, is you will not be allowed to apply a premium tax credit to a private health insurance plan - as you could with a marketplace plan.
This means you will have a financial incentive to purchase a marketplace plan if you’re eligible for a premium tax credit.
The private health insurance plans available will vary depending on where you live. The federal and state marketplaces do not provide a list or access to these plans, but that's where we can assist you.
As an independent insurance broker, we can help you review plans that are available both on and off the marketplace.