Insurance Blog's

You can always get health insurance for your small business employees


published to July 10, 2015

If you are a small business owner, you know how important it is to provide quality, affordable health and dental insurance that meets the needs of your business and employees.of Small Business Health Options Program (SHOP) Marketplace helps make that happen by providing flexibility, choice and convenience in online application and account management.

The SHOP marketplace is now open to employers with 50 or fewer employees Full Time Equivalent Employee (FTE), including non-profit organizations. In 2016, large companies with 100 or fewer full-time employees will be able to use his SHOP marketplace. You can register for the SHOP marketplace at any time of the year. Also, there is no time limit on how long you can subscribe to start offering SHOP marketplace coverage to your registrants.

Here are five benefits of the SHOP marketplace:

  • Everything is online. visit HealthCare.gov/small-businesses/ Apply to the SHOP marketplace, select one or more plans, complete coverage offers, manage employee participation, and pay premiums. Registrants can also apply online.

  • Flexible compensation options. You can control the coverage you provide and how much you pay for your employees’ premiums. Choose whether to provide dependent coverage and dental insurance. Select the length of the open enrollment period for employees and the waiting period before a new employee can enroll.

  • We have application and registration help. Licensed agents and brokers registered to operate on the SHOP marketplace will assist you in claiming and registering compensation. You may continue to use your current agent or broker as long as you meet the SHOP Marketplace registration requirements. Working with an agent or broker registered with SHOP will not cost you or your employees a penny. You can search by number.

  • Employee choice. Every state can offer employees one health and one dental plan. In some states you can: Select a coverage categorysuch as bronze and silver, Empower your employees to choose the plan that fits their needs within the selected category.

  • May be tax deductible. of SHOP Tax Credit Estimate Helps determine if your business is eligible Small Business Healthcare Tax Credit Worth up to 50% of the premium cost. Tax credits are only available for plans purchased through the SHOP marketplace.

Check if you are eligible to offer SHOP marketplace coverage to your employees, and Learn how to register.



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