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Update on Shop Marketplaces for Small Businesses

The Small Business Health Options Program Marketplaces, established under the Affordable Care Act, offer small employers a choice of high-quality health and dental plans for their employees...
July 10, 2015

The Small Business Health Options Program (SHOP) Marketplaces, established under the Affordable Care Act (ACA), offer small employers a choice of high-quality health and dental plans for their employees. SHOP Marketplaces offer flexibility, choice and, in most states, the convenience of online application and account management.

Eligible employers can begin participating in the SHOP Marketplaces at any time during the year, and unlike the individual Marketplaces, are not limited to a single open enrollment period. Employers with fewer than 25 full-time equivalent employees may qualify for a Small Business Health Care Tax Credit worth up to 50 percent of their contributions to premium costs, according to the Centers for Medicare & Medicaid Services (CMS). Since 2014, the tax credit has generally been available only for plans purchased through SHOP Marketplaces.

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