Small Business Saturday: Use These SHOP Tools to Enroll Today!

View in browser In Honor of Small Business Saturday, Enroll in SHOP Today! Small Business Saturday, created amid the recession in 2010, is celebrated on the Saturday after Thanksgiving to encourage people to shop small and bring more attention to small businesses. Small business owners, employees, and entrepreneurs like you make important contributions to America’s local economies every day by driving innovation and creating new job opportunities.     The Small Business Health Options Program (SHOP) recognizes your hard work and is here to support you year-round by providing the resources you need to offer affordable, flexible, and convenient health insurance to your employees. If you’re considering a SHOP health insurance plan for your employees, check out these tools and resources to help you make an informed decision.   The SHOP Full-Time Equivalent (FTE) Calculator: Calculate if your mix of full-time and part-time employees equals between 1-50 FTE employees. Generally, only businesses with 1-50 FTEs are eligible for SHOP.   The Small Business Health Care Tax Credit Estimator: Providing SHOP coverage may qualify you for reimbursement of up to 50% of the premiums paid! See if your business qualifies for the Small Business Health Care Tax Credit, and if so, approximately how much it could be worth.   Minimum Participation Rate (MPR) Calculator: In most states, at least 70% of employees must accept your SHOP coverage offer. This calculator helps predict whether you’ll meet your state’s MPR required to enroll in SHOP. This rate is currently waived through December 15!   See SHOP plans and prices: Once you’re ready to enroll in a SHOP plan, you can see what plans are available and an estimated cost of the customized plan. Enter your ZIP code to view what is available in your area.   Have questions? Contact your insurance company or a SHOP-registered agent or broker for help with SHOP coverage. For additional assistance, contact the SHOP Call Center at 1-800-706-7893 (TTY: 1-888-201-6445).   To learn more about Health Reimbursement Arrangements (HRAs), visit this webpage. Talk to a licensed tax professional, benefits specialist, or a registered agent or broker to find out more about whether an HRA or traditional group coverage is right for your business.

 

This message is paid for by the U.S. Department of Health and Human Services. It was created and distributed by the Centers for Medicare & Medicaid Services.