A new health insurance marketplace has been created to allow people to compare plans and costs by entering information online, by mail, or in person.
Most Americans are accustomed to being offered one plan or choosing from two or three plans through their employer. The plans were often very different, and hard to compare, because the information on deductibles, spend-downs, prescription costs, and other coverage may not have been easy to find.
In the marketplace, applicants are supposed to be able to compare specific details of plans and costs side-by-side. Theoretically, this will create more transparency, more competition between insurers, and fewer surprises for consumers.
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