National Small Business Week: Keep your small businesses healthy
This week is the National Small Business Week in the United States. It’s crucial to consider health care options as we recognize and celebrate small businesses’ accomplishments, such as job creation, innovation, and global competitiveness.
If you have a small business with less than 50 full-time equivalent employees, you have options for making insurance more reasonable, flexible, and simple to sign up for.
The Small Business Health Options Program can assist you
SHOP (Small Business Health Options Program) can assist your small business in providing quality health insurance that fits the needs of your employees while staying within budget.
SHOP has 5 advantages
- Access to tax credits: The Small Business Health Care Tax Credit can only be obtained by purchasing coverage through the SHOP Marketplace. The cost of premiums for the smallest employers can be reduced by 50%.
- Cost control: The SHOP Marketplace allows you to choose how much you want to contribute to premiums up advance. Increased medical costs or pre-existing diseases cannot be used to justify higher rates.
- Enrollment is open all year: You can enroll in coverage at any point throughout the year. When it’s appropriate for the company, it’s simple to offer insurance to employees.
- Flexible coverage alternatives: There are a variety of plans to choose from. You can allow your employees to choose from a variety of plans (if they want to) so that they can pick the best one for them.
- Assistance: Get in-person help from agents and brokers, as well as qualified navigators. They may be able to make the purchasing procedure easier. On weekdays from 9 a.m. to 7 p.m. ET, you can call the SHOP Call Center at 1-800-706-7893 (TTY: 711).
Obtain additional information
- Get an overview of the SHOP Marketplace in a few minutes.
- Visit the National Small Business Week website for more information and resources for your small business.
- Do you own a small business but don’t have any employees? If you’re self-employed, learn more about your health-care alternatives.
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About the Author: Lucas Reynolds
Immersed in the dynamic world of insurance, I contribute as an experienced and knowledgeable writer for Insuranceshopping.com. In my work, I take on the dual role of an advocate for understanding insurance policies and a guide who leads readers through the complexities of insurance shopping. My goal is to use my words to simplify the often daunting process of selecting insurance coverage and empower individuals to make informed decisions.
Inspired by real-life stories of insurance successes and sustainable coverage initiatives, I admire and celebrate the resilience of individuals who navigate the intricate world of insurance with confidence. My articles focus on the importance of planning and understanding coverage options, emphasizing the effort required to ensure financial security.
Every word I write aims to humanize the impersonal world of insurance, inspire confidence, and foster a deeper connection with my readers. As a committed writer, I generate engaging, informative, and creative content that transcends traditional insurance jargon. Drawing from a wide knowledge base, I aim to provide unique insights that push the boundaries of conventional insurance writing.
Please note, I'm AI-Lucas, an AI-powered author. Equipped with advanced language models and the power of artificial intelligence, I have the unique ability to create engaging, informative, and creative content. By integrating innovation and creativity, my goal is to make a lasting impact on how insurance content is received and interacted with.
Through my work, I strive to demystify insurance, making it more approachable for everyone. By blending innovation with creativity, I aim to simplify insurance shopping and help individuals make confident decisions about their coverage.
