What is the primary purpose of the Federal Marketplace?

The primary purpose of the Federal Marketplace is to provide a platform for enrolling in health insurance. This marketplace is designed to facilitate access to health insurance coverage for individuals and families, especially those who may not have had access to affordable healthcare options before. By creating a centralized place for consumers to shop for, compare, and enroll in health insurance plans, the Federal Marketplace enhances transparency and choice, making it easier for people to find coverage that meets their needs and budget.

Additionally, the Federal Marketplace plays a critical role in implementing various provisions of the Affordable Care Act (ACA), which aims to increase access to healthcare for a broader segment of the population. It offers subsidies and assistance to eligible individuals to help them afford premiums, thereby promoting enrollment in health insurance.