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What are State Exchanges?

Updated: 8/20/2019
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10y ago

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A State Exchange is a state-run insurance cooperative established by the Affordable Care Act to provide affordable insurance to individuals through the use of premium subsidies. These subsidies are financed by the Federal Government with the intent of reducing the number of uninsured Americans and creating competition in the insurance marketplace. The subsidies provided are based on income and are available to single individuals making up to approximately $44,000 per year and families making up to $88,000 per year.

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