Small Business Health Options Program (SHOP) is the new process for buying health insurance for your small business online. In 2014, SHOP Marketplace was open to employers with less than 50 full-time-equivalent employees (FTEs). Unlike the individual marketplace, employers can access SHOP Marketplace all year round.
The Small Business Health Options Program (SHOP) Marketplace will help businesses provide health coverage to their employees. Under the Affordable Care Act (ACA) a small business may be eligible for the Small Business HealtCare Tax Credit.
If you have less than 25 employees, you can qualify for tax credits if you buy insurance through SHOP. Up until 2016 SHOP Marketplace is open to employers with less than 50 employee. SHOP marketplace will be opened to employers with less than 100 employees in 2016. The Affordable Care Act will helps small businesses and small tax-exempt organizations afford healthcare for their employees.
Consult with an agent or broker to ensure you are getting all your question answered and you are in compliance with the law.