Federal

Medicare vs. Health Insurance Marketplace

Medicare and health insurance through the Marketplace are two different things. While you technically can have both, if you have Medicare, you don't really need the Health Insurance Marketplace at all. Even if you have Original Medicare only (Part A and Part B), we suggest not looking for health coverage through the Marketplace. Medicare—in general—significantly costs less than any Marketplace plan. Besides the coverage you get will be a lot greater.One thing that can benefit you in the short run is getting coverage from the health insurance marketplace until your Medicare starts. For example, if you're 64 this year and your Medicare will begin at some point in 2021, enroll in health coverage on Marketplace and cancel it when your Medicare starts. After canceled though, you must get ...

Read More
State

States With Their Own Marketplace

Most states run their own Marketplace for health insurance. Out of 50 states, only 12 have a designated Marketplace. This is due to the state deciding on running its own Marketplace. It has nothing to do with the size or the number of people that live within the state.For example, while Texas is a part of the federal Marketplace, Maryland isn't. With that said, the size of the state doesn't matter. Below, you can see if you need to use healthcare.gov or your state's Marketplace if you're going to get subsidized health insurance.CaliforniaColoradoConnecticutDistrict of ColumbiaIdahoMarylandMassachusettsMinnesotaNevadaNew YorkRhode IslandVermontWashingtonThe above states, including the District of Columbia operate its own Marketplace. Residents of these states must use their s...

Read More
State

NJ Health Insurance Marketplace

New Jersey is a part of the federal health insurance marketplace. NJ residents who want to get subsidized health insurance must use healthcare.gov to enroll during the open enrollment period. The open enrollment—not only for NJ residents but for everyone is between November 1 and December 15. During the open enrollment, you can select a plan and your plan will start on January 1st, 2021.To get coverage, all NJ residents must get on healthcare.gov and create an account. After an account is created, you can provide basic information such as income, number of people in the household, and their information. What you'll need to provide is the same answers to when purchasing health insurance. This includes tobacco usage, age, pre-existing conditions, etc.Based on the information you pr...

Read More
State

California Health Insurance Marketplace

California is one of the few states that run its own Health Insurance Marketplace. When looking to get subsidized health coverage, you will need to use Covered California, not healthcare.gov. This is because some states want to run their own Marketplace so that it is more efficient.However, this doesn't mean that the coverage you get on Covered California is going to be better than someone who's living in Texas and enrolling in health coverage on healthcare.gov. It all comes down to the state decision. For example, another state that runs its own Marketplace is Maryland but it is a very small state compared to California or Texas.California residents who want to get subsidized health coverage need to qualify for insurance through the Marketplace. What determines one's eligibility...

Read More