On-Exchange vs Off-Exchange

Where should you shop for insurance, on or off-exchange?

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There are lots of buzz words and terminology associated with the Affordable Care Act (ACA). The IXSolutions private exchange is here to guide you through this information and make your health insurance experience a success. Our exchange provides you with access to both, on-exchange and off-exchange plans.  Before shopping for health insurance, the first question everyone should ask is: Do I qualify for financial assistance? The answer to this question will direct you to the appropriate insurance plans—on-exchange or off-exchange.

Health Insurance Exchange

A health insurance exchange is an online portal containing information, plan choices and enrollment capability for health insurance. There are two main types of exchanges—public and private. A public exchange is sponsored and run by a government entity, such as healthcare.gov. A private exchange is sponsored and run by a private entity or business, such as IXSolutions.

On-Exchange vs Off-Exchange

The terms “on-exchange” and “off-exchange” can be confusing. Here is the key difference:

On-exchange means those plans that are available on the public exchange only.  If you qualify for a subsidy, and choose to use it on your health plan, then shopping on-exchange is your best option. 

Off-exchange means those plans that are available outside of the public exchange environment, or in the open market.  The number 1 benefit of shopping off-exchange is greater plan choice.  If you don't qualify for a subsidy, the advantages of shopping off-exchange is substantial.  

IXSolutions provides access to both on-exchange and off-exchange plans, and we work with you to determine where you should shop for coverage. We offer online resources and licensed insurance professionals, who can calculate whether you are eligible for financial assistance. Either way, our job is to find the best plan to suit an individual’s unique needs and circumstance. 

Qualifying For Financial Assistance

You should always find out if you qualify for any financial assistance. Eligibility depends primarily on annual household income and family size. Your annual income will likely be the biggest factor of how much financial assistance you get.

In fact, the less money you make, the more savings you can get. In this case, on-exchange plans are for you. IXSolutions will help you determine savings and get you shopping for the right plans in the right place.

Healthcare.gov is a web site of the federal government that supports enrollment in only on-exchange health insurance plans. Many think it is the only place to get access to individual insurance under the ACA, but that’s just not true.

IXSolutions offers access to the same on-exchange plans as healthcare.gov, and we also provide off-exchange plans. There is no difference in the on-exchange insurance plans offered by either web site.

If you want more than just health insurance, IXSolutions also offers access to dental and vision plans from leading insurance companies. Our licensed professionals will help you find the additional coverage you need.

Talk to a Licensed Professional