Which demographic is primarily served by the Virginia Insurance Marketplace?

The Virginia Insurance Marketplace is designed to assist individuals who do not have access to affordable employer-sponsored health insurance. This demographic includes those who are self-employed, part-time workers, or those in positions that do not offer health benefits. The Marketplace aims to provide a platform where these individuals can access affordable insurance options, which may include subsidized plans depending on their income levels.

Individuals without access to employer coverage benefit significantly from the Marketplace, as it offers a variety of plans that can be tailored to their specific health care needs and financial situations. These plans can be more affordable than purchasing insurance independently, primarily due to the subsidies available based on income. This focus on providing accessible healthcare solutions aligns with the primary goal of the Virginia Insurance Marketplace to expand coverage to those who need it the most.

In contrast, high-income families with employer coverage typically do not rely on the Marketplace, since they already have access to comprehensive health benefits through their employers. Retired individuals seeking supplemental insurance fall outside the primary scope of the Marketplace, as they often qualify for Medicare or have access to different types of insurance. Similarly, while students under age 26 may seek coverage options, they are specifically addressed through provisions that allow them to stay on their parents' policies or to access different plans,