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What is the Marketplace?

October 15, 2021



An important part of the Affordable Care Act was the creation of health insurance marketplaces, including a federal one (healthcare.gov), to sell insurance to individuals who otherwise don't have access. Individual states are permitted to create their own markets, or take part in the federal marketplace.

All marketplace plans cover Essential Health Benefits, which mean most types of standard care and coverage are part of any plan you purchase on the marketplace. You may see advertisements about plans that are "off-market, which indicates a plan that you buy directly from an insurance carrier or through a licensed broker, outside of an official state or federal ACA Marketplace. This doesn't necessarily mean the plans are bad, but it does mean they are not required to cover these Essential Health Benefits. Because of this, you should make sure to do your research to find out what an off-market plan you’re interested in offers. . If the premium seems too good to be true, it may be that you're sacrificing coverage you might need.

Catch offers all of the plans that are available on the federal marketplace. When you look for health coverage through Catch, the plans and prices you see are all those that are available on healthcare.gov.

Get in touch

Catch Support is available from 9am to 6pm ET, Monday through Friday excluding federal holidays.

help@catch.co
833-309-0500 (TTY 711)
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Banking
Catch Money is a financial technology company and is not a bank. Banking services provided by TransPecos Banks, SSB, Member FDIC. Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. There may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.
Health Insurance
Attention: This website is operated by Catch Insurance and is not the Health Insurance Marketplace® website. In offering this website, Catch Insurance is required to comply with all applicable federal law, including the standards established under 45 CFR §§155.220(c) and (d) and standards established under 45 CFR §155.260 to protect the privacy and security of personally identifiable information. This website may not support enrollment in all Qualified Health Plans (QHPs) being offered in your state through the Health Insurance Marketplace® website. For enrollment support in all available QHP options in your state, go to the Health Insurance Marketplace® website at HealthCare.gov.