In today's changing economic landscape, finding suitable health insurance is critical, especially for self-employed individuals, 1099 employees, and small business owners. One option gaining traction is the health indemnity or "defined benefit" plan. These terms can be used interchangeably, but refer to the same plan structure. This post will explain what these plans are and why they could be a wise choice for your health insurance needs.

Marketplace health insurance refers to the health plans offered through the Health Insurance Marketplace, a service established under the Affordable Care Act (ACA) of 2010. The primary purpose of the marketplace is to provide individuals and families with a platform to access affordable health coverage, particularly targeting those who do not have employer-sponsored insurance or other qualifying forms of health benefits.