First of all, don’t panic. Many of the health insurance carriers have recently announced that they will no longer be offering policies on the Marketplace in 2017. That’s ok because only about 1/3 of our clients even have a Marketplace plan. Just about all of the carriers will be offering just as many options off the Marketplace; also called “Off-Exchange”.
Odds are that if you purchased your plan on the Marketplace, also known as the, Federal Exchange, you are currently receiving a federal subsidy to help pay some of your monthly premium. If your carrier decides to discontinue Marketplace plans for 2017, you have numerous options.