Published on May 5, 2016
It’s National Small Business Week. As we acknowledge and have a good time the contributions small companies make — like job creation, innovation, and international competitiveness — it’s essential to consider well being care choices.
If you’re the proprietor of a enterprise with fewer than 50 full-time equal staff, you have got selections that may make insurance coverage extra reasonably priced, versatile, and simple to enroll in.
The Small Business Health Options Program might help
The Small Business Health Options Program (often known as SHOP) might help your small enterprise supply high quality medical insurance that meets your staff’ wants and stays inside finances.
5 advantages of SHOP
- Access to tax credit: Buying protection by means of the SHOP Marketplace is the one method so that you can benefit from the Small Business Health Care Tax Credit. The smallest employers can save 50% of the price of their premiums.
- Control over prices: The SHOP Marketplace allows you to resolve up entrance how a lot to contribute to premiums. Plans can’t cost increased premiums due to increased medical prices or pre-existing situations.
- Year-round enrollment: You usually can join protection any month of the 12 months. So it’s simple to supply staff insurance coverage when it’s proper for the enterprise.
- Flexible protection choices: There’s a wide range of plans obtainable. You can let your staff select amongst a number of (in the event that they wish to) so staff can choose a plan that‘s proper for them.
- Support: Get in-person help from brokers and brokers or skilled navigators. They might help make the shopping for course of even easier. You also can contact the SHOP Call Center at 1-800-706-7893 (TTY: 711) weekdays from 9 a.m. to 7 p.m. ET.