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What is Small Business Health Options Program (SHOP)?
The Small Business Health Options Program, established under the Affordable Care Act (ACA), provides businesses with the option to purchase medical and dental coverage for their employees through the “SHOP Marketplace” or exchange. Eligible employers with less than 50 or 100 full-time equivalent employees (FTEs), depending upon the state, can apply for coverage any time of the year and also claim small business health tax credits by visiting https://www.healthcare.gov/small-businesses/employers/
What are the benefits of using the Small Business Options Program (SHOP)?
How do I know if my business qualifies to use The Small Business Health Options Program (SHOP)?
How does an employer know if they are eligible for the Small Business Health Care Tax Credit?
The Small Business Health Care Tax Credit can be worth up to 50% of an employer’s premium contributions (up to 35% for tax-exempt employers). To be eligible a company must meet the following requirements:
How does the SHOP Marketplace Work?
The SHOP Marketplace is a user-friendly website that is similar to a car insurance or travel website. Employers may shop and choose their plan, manage coverage, and even pay their premiums all online.
Health Insurance Marketplace
465 Industrial Blvd.
London, KY 40750-0001
Steps for Employers to Enroll in the SHOP Marketplace (PDF)
For questions or concerns contact the SHOP Call Center at 1-800-706-7893 (TTY: 711) weekdays from 9 a.m. to 7 p.m. ET.