Skip to main content

News & Updates, State Efforts

Get the Facts: What are the Benefits of State-Based Marketplaces (SBMs)?

Published On March 29, 2023

State-Based Marketplaces (SBMs) allow states to enhance the consumer enrollment experience for those purchasing coverage in the individual market. SBMs provide more tools to states than they otherwise would have when utilizing the federally-facilitated marketplace (FFM), or

Switching from the FFM to a SBM has several benefits, including:

  • More Affordable Coverage
  • Reduced Health Care Costs
  • Flexible Operations

Currently, 17 states and the District of Columbia successfully operate their own SBMs. This piece includes innovative healthcare solutions that leverage SBMs and an overview of the national landscape.