What are the two types of federal exchanges available?

The correct answer identifies the two types of federal exchanges available under the Affordable Care Act: the Individual Marketplace and the Small Business Health Options Program (SHOP).

The Individual Marketplace allows individuals and families to purchase health insurance plans that meet specific coverage standards. It serves as a platform for consumers to compare plans, access subsidies based on income, and enroll in coverage. This marketplace is essential for those who do not have access to employer-sponsored insurance or qualify for other government programs like Medicaid.

The Small Business Health Options Program (SHOP) is designed for small businesses to offer health insurance to their employees. SHOP exchanges allow small employers to compare and purchase plans that can accommodate their budget and the needs of their employees. This program helps small businesses get access to health insurance options that they might not be able to afford on their own, thereby promoting better health coverage in the small business sector.

The other options presented either combine unrelated programs or mislabel existing ones, which is why they do not accurately reflect the federal exchanges established under the ACA.