What is the primary purpose of the California Life Insurance Marketplace?

The primary purpose of the California Life Insurance Marketplace is to provide access to affordable health insurance coverage for Californians. This platform is designed to help individuals and families navigate the complex world of health insurance, ensuring they can find and enroll in suitable plans that meet their healthcare needs and financial situations. By focusing on affordability, the marketplace aims to increase the number of insured individuals in California, ultimately leading to improved health outcomes and financial security for its residents.

While regulating insurance companies, operating as a nonprofit, and promoting health insurance literacy are important aspects of the overall insurance landscape, these functions support the central goal of increasing access to affordable coverage. The emphasis on making health insurance more accessible directly addresses the needs of individuals who may otherwise struggle to find adequate and affordable options.