There is a new tool for you to use to buy health insurance. Each state will have a new Health Insurance Marketplace (also called an Exchange) where you can see a variety of insurance options and compare plans—think Expedia for health insurance.
Starting October 1st, you can use the Marketplace to:
- Compare health plans to pick the best one for you and your family.
- Find out if you qualify for a new kind of advanceable tax credit that helps lower the cost of your health insurance—applying for a plan on the online marketplace is the only way you can qualify for and use these new tax credits.
- Find out if you or your family members qualify for government programs, like Medicare, Medicaid, or the Children’s Health Insurance Program (CHIP).
Check out www.HealthCare.gov for more information!