What is a characteristic of off-exchange health insurance?

Off-exchange health insurance refers to plans that are not available through the government-run health insurance marketplaces. A key characteristic of these off-exchange plans is that they often have set premiums. This means the premiums are established by the insurance provider and do not change randomly, unlike plans found on the exchange, which may vary based on factors such as income or eligibility for subsidies.

In contrast, fluctuating premiums typically relate to plans based on specific factors that could change from year to year. Purchasing through an online marketplace usually pertains to on-exchange plans. Lastly, requiring employer sponsorship is more connected to employer-sponsored insurance rather than off-exchange coverage, which can be individually purchased. Understanding these characteristics highlights why set premiums are a defining aspect of off-exchange health insurance.