Savings Could Be Waiting

By offering SHOP insurance, you may qualify for the Small Business Health Care Tax Credit, which is worth up to 50% of the costs you pay toward your employees' premiums (35% for non-profit employers). Use the Small Business Health Care Tax Credit Estimator to see how much your business could save. The Small Business Health Care Tax Credit Enrolling in a SHOP plan is generally the only way for a small business or non-profit to claim the Small Business Health Care Tax Credit. To qualify for the tax credit, you must meet the following criteria: You have fewer than 25 full-time equivalent (FTE) employees Your average employee salary is about $50,000 per year or less You pay at least 50% of your full-time employees' premium costs You offer SHOP coverage to all of your full-time employees. (You don't have to offer it to dependents or employees working fewer than 30 hours per week.) The smaller the business, the bigger the credit The tax credit is highest for companies with fewer than 10 employees who are paid an average of $25,000 or less. Questions? Contact the SHOP Call Center at 1-800-706-7893 (TTY: 711) weekdays from 9 a.m. to 7 p.m. Eastern Time. Thank you, The SHOP Team