Marketplace health insurance plans are major medical insurance plans that have the ten essential health benefits required by the Affordable Care Act (ACA).

These plans can be purchased on the federal marketplace or through your state exchange during the annual open enrollment period that runs November 1 to December 15, or during a special enrollment period if you have a qualifying life event that leaves you uninsured.

ACA plans are an excellent option for those seeking a plan that includes maternity and mental health benefits, individuals who could qualify for a financial subsidy to reduce the cost of their health insurance, or for those who have a pre-existing condition.