What is another term for a commercial policy under the ACA?

Marketplace coverage is a term that specifically refers to the health insurance plans that are available through the Health Insurance Marketplace established by the Affordable Care Act (ACA). This marketplace was designed to help individuals and small businesses find and purchase health insurance, often with the aid of subsidies based on income.

Under the ACA, commercial policies are those that are sold in the marketplace and can include a range of plans that comply with federal regulations, such as essential health benefits and limitations on out-of-pocket costs. Marketplace coverage is important because it provides options for consumers who may not have access to employer-sponsored insurance or who do not qualify for Medicaid.

In contrast, private health insurance typically refers to plans that are not part of the marketplace and may not always meet the standards set by the ACA. Group insurance usually pertains to employer-sponsored plans, while individual insurance can refer to any policy purchased outside the marketplace, which may not offer the same consumer protections or subsidies. Therefore, marketplace coverage accurately reflects a specific subset of commercial policies under the ACA.