What Are Health Insurance Marketplaces and Exchanges?
Exchanges or marketplaces are services that enable enrollment in insurance either through a public or private forum. These forums are accessible through multiple portals and websites.
Mississippi Private Exchanges vs Public Exchanges
The private exchange is designed to be used by employers to allow employees to enroll in a preselected company health insurance plan. It is also where individuals and small businesses shop and enroll for coverage during the open enrollment window. Consulting firms or brokers typically run the private exchange utilized by an employer.
The following health insurance companies are available through private exchanges in Mississippi:
- Ambetter of Magnolia Inc.
- UnitedHealthcare Life Insurance Company
- Ambetter from Magnolia Health
The public exchange for Mississippi is run by the Department of Health and Human Services (HHS), at the federal level, after a heated battle between different government officials. As a result, the state utilizes the federal government exchange and there is little outreach to appeal to Mississippi citizens to use the exchange.
When using the public exchange, your application will also verify if you qualify for Medicaid, CHIP, or other discounts based on income level.
The following are the only two options on the Mississippi public exchange:
- Magnolia / Ambetter
Mississippi Marketplace and Exchange Facts