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Open Enrollment
may be over, but the Small Business Health Options Program (SHOP) is open
year-round! There’s still time to get health coverage for your small
business in 2021. Follow these four steps to get ready to enroll:
- Visit HealthCare.gov to learn about
SHOP. See
if your business qualifies
for SHOP coverage and how it can benefit your
business. To find the best plan for your business and employees, consider
the price, benefits, and features. You’ll also want to
think about how much money you’re able to spend on group insurance and
when you want coverage to start. Some businesses may also qualify for
the Small
Business Health Care Tax Credit!
- Review helpful resources. The SHOP
tools and resources page offers calculators, how-to guides,
fact sheets, and more to help you apply for and enroll in SHOP
coverage. Check out helpful resources such as the Full-time Equivalent
(FTE) Calculator, the Minimum Participation Rates Calculator, the
Small Business Health Care Tax Credit Estimator, and the Find Local
Help Tool.
- Talk to your employees. Ask your employees about
their coverage needs. This will help you with your insurance decision,
and you’ll get an idea of how many employees might participate.
- Get help. Licensed agents
and brokers registered with SHOP can help you
understand your insurance options and enroll in coverage at no
additional cost to you or your employees. You can also enroll directly
through your insurance company.
There’s still
time to enroll, so get started today!
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