under the ACA, premium tax credits are only available toward health plans purchased on the public Health Insurance Marketplaces. Similarly, for small businesses, the Small Business Healthcare Tax Credits are not available on the private market (unless there are no health plans available in the SHOP)” (Jolley 2017). Now, for an explanation of health insurance, health insurance is basically insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care and health system expenses, among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is available to pay for the health care benefits specified in the insurance agreement.
