What term describes insurance purchased independently through ACA exchanges?

• A. Employer-sponsored insurance
• B. HDHP
• C. Individual marketplace plan
• D. PPO

Answer: (C)

Insurance purchased independently through ACA exchanges is called an individual marketplace plan. The ACA created marketplaces (exchanges) so individuals and families can compare and enroll in coverage without relying on an employer. This distinguishes it from employer-sponsored insurance, which is provided through a job. The other options describe plan design or types (a high-deductible plan or a PPO), not the method or source of purchase. Through the individual marketplace, eligible buyers can also access subsidies and choose plans across metal levels, but the defining term for coverage bought on the exchanges is the individual marketplace plan.