health insurance marketplace - facts by truecoverage

types of health insurance marketplaces are there in the USA

State-based Marketplace (SBM)Those states that follow this kind ofmarketplace, the marketplace has to do all functions. Enrollees will get their enrollment through those websites only that the state has made and maintained.

State-based Marketplace Federally supported (FSSBM)These are the states that will have state-based exchange. All the exchange functions will be done by the state, only difference is- state believes in that Marketplace website which is Federally-promoted.

State-Partnership Marketplace (SPM)

Location

Type of Marketplace

Type of Marketplace

Total individuals identified eligible for enrolling in a Marketplace plan


No of individuals eligible to receive coverage in Marketplace plan using financial assistance


Individuals identified eligible for Medicaid/CHIP by Marketplace


United States of America

Arizona FFM

245,739 40,644

203,066184,377

Those states that partner with Marketplace may work towards assisting a consumer in-person, while the rest of the functions will be taken care of by Health and Human Services (HHS).

Federally-facilitated Marketplace (FFM)All the functions of Marketplace is done by the HHS. Consumers in the states with this kind of marketplace apply for their coverage state healthcare websites.

4

13SBM states 04SFMstates 07SPMstates07 27FFMstates

Location

16,164,261

12,306,946

5,210,591Total individuals who selected one Marketplace plan

Total individuals who selected one Marketplace plan

12,681874

HEALTH INSURANCE MARKETPLACE FACTS

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Type of Marketplace




Florida FFM

2,068,686 103,869

1,742,8191,755,063

Location


Type of Marketplace




New Mexico SBM

64,725 12,933

54,86547,810

Location


Type of Marketplace




Texas FFM

1,677,897 130,416

1,306,2081,263,445

Location


health insurance marketplace - facts by truecoverage

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