What is the Federal Marketplace?

The Federal Marketplace is a federally operated online platform designed to help individuals and families purchase health insurance coverage, especially as part of the provisions established by the Affordable Care Act (ACA). It serves as a central hub where users can compare different health insurance plans that are certified to meet specific coverage requirements, including essential health benefits. The platform provides an essential resource for people looking to secure affordable health insurance, particularly those who may not have access to employer-sponsored insurance or Medicaid.

This marketplace also facilitates access to subsidies based on income, making health coverage more affordable for a wider range of Americans. The Federal Marketplace plays a crucial role in increasing access to healthcare coverage across the nation, especially in states where a state-run marketplace does not exist. This operational framework directly aligns with option B as the correct description of the Federal Marketplace.