ELI5: Explain Like I'm 5

Health insurance marketplace

A health insurance marketplace is like a big store where you can shop for different kinds of health insurance plans. Just like how you would go to a store to buy things like toys or clothes, your parents can go to a health insurance marketplace to pick a health insurance plan for your family to use when you need to go to the doctor or get medicine.

Instead of buying things like toys or clothes though, you buy something called health insurance. This is a special kind of plan that helps pay for things like going to the doctor or getting medicine when you are sick or hurt.

When your parents go to the health insurance marketplace, they can compare different health insurance plans and see how much each one costs and what they cover. They can think about things like how often you go to the doctor or if you need to take regular medications, and choose a plan that works best for your family’s needs.

So, in short, a health insurance marketplace is like a store where your parents can buy a special kind of plan that helps cover health care expenses when you or your family members get sick or hurt.