Public exchanges are available to anyone though generally serve individuals who’ve had difficulties acquiring af-fordable healthcare elsewhere. Private exchanges are established by employers and available only to serve the employer’s active and retired employees.
Public exchanges are operated by government entities at the state and federal level. Private exchanges are operated by private companies.
Offerings on public exchanges are limited to medical, dental and vision. Private exchanges offer a broader product range including risk-management, financial, wellness, critical illness, and several other product types.
Public exchanges are financially supported by government subsidies, generally available to households with incomes less than four times the federal poverty level. Private exchanges are not government subsidized but supported by a defined employer contribution.