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On Exchange (Marketplace Tax Credit)

On-Exchange Marketplace – Tax Credit

For those individuals or families who do not receive health care coverage through their employers, there are health insurance plans available through marketplaces which are known as exchanges. Under the Affordable Care Act, most Americans are required to enroll in a health insurance plan – or face stiff penalties. Every state is required to offer an exchange to its residents, be it public or private. Public on-exchanges are run by government-sponsored entities, while private off-exchanges are run by private entities, businesses, or insurance carriers. At Insurance Hub, we are completely unbiased in the on-exchange versus off-exchange debate. Insurance Hub’s first priority is to ensure that our clients understand all the information necessary to make an informed decision about health care coverage. Here’s some important information regarding on-exchange health care plans.

On-exchange health care plans:

  • …are available on the public exchange marketplace only and are eligible for a tax credit. Off-exchange plans are available outside the public exchange and do not qualify for a tax credit.
  • …qualify for government financial assistance. Government financial assistance is not available for off-exchange plans, where more plan choice may be available.
  • …are determined according to annual household income and family size. On-exchange plans are only available to those whose incomes fall between 100% and 400% of the Federal Poverty Level (FPL). Off-exchange plans are available to anyone, regardless of income level or family size.
  • At Insurance Hub, we believe everyone should be able to understand and afford quality health insurance coverage. Whether you’re looking for on-exchange plans or off-exchange plans, our team of agents and knowledgeable advisors is here to assist you with your health insurance needs and answer any questions you might have. At Insurance Hub, we are committed to always putting our clients first. For more information regarding on-exchange health insurance and other insurance coverage, visit Insurance Hub’s website at www.insurancehubusa.com.

    Florida On Exchange | FL Term Life Insurance

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