The Small Business Health Options Program (SHOP) Marketplace is a new program that is supposed to simplify the process of buying health insurance for small businesses. Not all insurance companies offer SHOP plans. To participate in the SHOP Marketplace, you must: Have a principal business address within the state where you’re buying coverage, have at least one common-law employee on payroll and employ 50 or fewer full-time equivalent employees (FTEs), including part-time employees.
What is SHOP and is my business eligible?
About the Author: Jesse Smedley
Jesse is the Founder and CEO of Smedley Insurance Group, Inc. and iHealthBrokers.com. He is a licensed health and life insurance broker in 47 states and the District of Columbia. Jesse specializes in Medicare and health insurance benefits packages for businesses and their employees. Jesse is the designated responsible broker for Smedley Insurance Group, Inc. He founded Smedley Insurance Group after working for a small captive insurance agency where he was required to sell perhaps the worst health insurance plans to consumers because it was all the company had to offer. He knew there had to be a better way and thus, SIG was born. Jesse can be reached toll free at (866) 260-9829, Ext. 101. His email address is: his first name @iHealthBrokers.com.