How do residents of Florida participate in the health insurance Marketplace?

Residents of Florida participate in the health insurance Marketplace through a Federally Facilitated Marketplace. This means that instead of having a state-specific health insurance exchange, Florida uses the federal government's exchange platform, Healthcare.gov.

In states that do not establish their own exchanges, residents can access insurance plans and enroll in coverage via the federal marketplace, which provides a standardized experience and allows individuals to compare plans effectively. This setup is designed to ensure that residents have access to essential health insurance options, including those established under the Affordable Care Act. The federally facilitated marketplace manages the enrollment process and helps individuals determine their eligibility for financial assistance, such as premium tax credits, making healthcare coverage more affordable.