Federally Facilitated Marketplace

The Federally Facilitated Marketplace (FFM) is an organized marketplace for health insurance plans operated by the U.S. Department of Health and Human Services (HHS). The FFM opened for enrollments starting October 1, 2013.[1] The Federally Facilitated Marketplace is established in a state by the HHS Secretary for states that chose not to set up their own marketplace or did not get approval for one.[2]

Individuals (i.e. citizens of a state) and employers will have the ability to find and purchase Qualified Health Plans through the FFM and its partners.[1] Individuals will be able to qualify for and receive Advance Premium Tax Credits (APTC) which can be used to subsidize their premium obligations. Individuals can also qualify for Cost Sharing Reductions (CSRs) which would reduce their out-of-pocket expenses for healthcare.[3]

Participating states

Twenty-seven states opted to participate in the FFM. Seven states opted to partner with the FFM. Seventeen states opted to set up their own State Based Marketplace (SBM).[4]

Federally Facilitated Marketplaces

The following 27 states are Federally Facilitated Marketplaces:

  1. Alabama
  2. Alaska
  3. Arizona
  4. Florida
  5. Georgia
  6. Indiana
  7. Kansas
  8. Louisiana
  9. Maine
  10. Mississippi
  11. Missouri
  12. Montana
  13. Nebraska
  14. North Carolina
  15. North Dakota
  16. Ohio
  17. Oklahoma
  18. South Carolina
  19. South Dakota
  20. Tennessee
  21. Texas
  22. Utah
  23. Virginia
  24. Wisconsin
  25. Wyoming

Partnership Marketplaces

The following 7 states are Partnership Marketplaces. In Partnership Marketplaces, states retain certain essential functionality for operating an insurance marketplace.

  1. Arkansas
  2. Delaware
  3. Illinois
  4. Iowa
  5. Michigan
  6. New Hampshire
  7. West Virginia

References
  1. "Federal Marketplace Progress Fact Sheet - Centers for Medicare & Medicaid Services". Cms.gov. 2012-05-16. Retrieved 2013-07-02.
  2. ยง1321(c) of ACA
  3. "Fact sheet" (PDF). www.cms.gov. 2013. Retrieved 2019-07-03.
  4. "State Health Insurance Marketplace Types, 2019". June 7, 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.