The Small Business Health Options Program (SHOP) is a program set up within health insurance exchanges where employees of small businesses (with 50 or fewer full time employees) can find health insurance plans. If you’re self-employed, you cannot get coverage through SHOP but will have to apply for coverage through the individual health insurance market.
The Small Business Health Options Program works as follows:
Certain business can qualify for tax credits through the Small Business Health Options Program. In order to qualify, a business must:
50% of your contribution towards employee premium counts towards the tax credits offered by the program (with a 35% maximum for tax-exempt employers).
The Small Business Health Options Program was originally to launch on October 2013. However, technical issues with the health insurance exchanges delayed the launch of the program, and small business will not be able to enroll in the Program until November 2014.
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