CBO Glossary
Health Insurance Marketplaces
Health insurance marketplaces: Marketplaces for health insurance that were established by the Patient Protection and Affordable Care Act in which consumers can compare the premiums and benefits of health insurance plans that are available where they live. The marketplaces verify eligibility for, and help administer, federal tax credits and subsidies that reduce premiums and cost-sharing requirements for certain individuals and families. See Affordable Care Act, cost-sharing subsidy, and premium assistance tax credit.
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