To enroll in a SHOP plan in most states you’ll use an agent, broker, or insurance company. You’ll also fill out a SHOP eligibility application. Choose your state and we’ll help you get started.
The Small Business Healthcare Options Program (SHOP) Marketplace is for small employers who want to provide health and dental coverage to their employees — affordably, flexibly, and conveniently.
To use the SHOP Marketplace, your business or non-profit organization must have 50 or fewer full-time equivalent employees (FTEs). (Some states may use different employee maximums for 2016.)
You can start offering SHOP coverage to your employees any time of year.
How do I authorize my agent or broker?
Log in to your HealthCare.gov account and select “Visit the Employer Marketplace." Then do a search for your agent or broker and select “Authorize” next to their name. This sends an authorization request. Once they accept your request they can start working with you.
NOTE: You can authorize a SHOP Marketplace-registered agent or broker any time — before you apply, after you enroll, after your coverage starts, or any other time. You can change agents or brokers up to twice per year.
Almost. A licensed insurance agent or broker registered with the SHOP Marketplace can help you:
Agents or brokers can’t submit your premium payments for you. You’ll pay your premiums directly to the SHOP Marketplace yourself.
Use the Small Business Health Care Tax Credit Estimator to find out if you qualify and how much you may save.
“Pure” Defined contribution health benefit: A type of health plan in which the amount of the employer's annual contribution to employees' health is specified.
Compare this to a traditional group health plan where the employer specifies the group health insurance plan (a defined benefit).
With a “pure” defined contribution approach:
Gain control over health care expenses, and lower your insurance costs now and for years to come, by putting a self-funded health plan to work for your small business. With self funding — directly funding your group’s own claims — you pay only for the health care services your group actually uses. If your group’s claims expenses are relatively low, your overall savings can be significant. *Employer may be responsible for additional applicable state or federally mandated fees.
Let's make it clear.