If you already have a Medicare or a Medicaid health insurance plan that will provide you coverage in 2014, you are all set to meet the individual mandate. The Health Insurance Marketplace is for those individuals and families to shop for health insurance plans in 2014 if they do not have any of the following: employer-based coverage, purchased a private health insurance company plan, Medicare, Medicaid, CHIP, TRICARE, or other qualifying health insurance coverage.