The Illinois Department of Insurance is the code department of the
Illinois state government that regulates various facets of the
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
industries and professions of Illinois. Key insurance industries it regulates include health insurance, auto insurance, homeowners insurance, and life insurance.
["Illinois Blue Book: 2013-2014" (Springfield, Ill.: Illinois Secretary of State, 2006), page 214.] The department is the umbrella agency that operates the
Illinois Health Benefits Exchange (IHBE), a
health insurance marketplace
In the United States, health insurance marketplaces, also called health exchanges, are organizations in each state through which people can purchase health insurance. People can purchase health insurance that complies with the Patient Protectio ...
that serves as an intermediary between Illinois residents and the health-insurance mandate requirements of the
Affordable Care Act
The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloquially known as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by Presid ...
. The IHBE operates under the flag of ''Get Covered Illinois'', the name of its navigational
website
A website (also written as a web site) is a collection of web pages and related content that is identified by a common domain name and published on at least one web server. Examples of notable websites are Google Search, Google, Facebook, Amaz ...
.
References
External links
*
{{authority control
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...