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Health Care

  • Submitted on 12 November 2014

    Created on November 12, 2014

    Tax Credit EstimatorIf you’re an employer who may be eligible for the Small Business Health Care Tax Credit, you can use this Estimator. The credit is designed to encourage small businesses to offer health insurance coverage for the first time or maintain coverage they already have.

    For some employers and tax-exempt organizations, this could save thousands of dollars by providing a credit against income tax (a refundable credit for certain tax-exempt organizations).

    The Estimator can help determine whether you’re eligible for the credit and if so, estimate the amount. This tool is meant to be educational. To find the actual amount, you must complete Form 8941, Credit for Small Employer Health Insurance Premiums, or consult a qualified tax professional. The Estimator also provides links to forms, instructions, and guidance to help you learn more about the Small Business Health Care Tax Credit.

  • Submitted on 10 November 2014

    Created on November 10, 2014

    A new online marketplace will go live on November 15, making it easier for businesses with 50 or fewer full-time equivalent employees to offer health insurance. That same day, open enrollment will begin again for individuals seeking coverage under the Affordable Care Act.

    Join us for a conversation about the federal Small Business Health Options Program (SHOP) online marketplace and the second open enrollment period of the ACA. Rhett Buttle and Dean Mohs from the U.S. Department of Health and Human Services will discuss health insurance for small businesses and take your questions and suggestions on the ACA.

  • Submitted on 07 November 2014

    Created on November 7, 2014

    The Federally-Facilitated Small Business Health Options Program (SHOP) Marketplace Early Access launched on October 27th in Delaware, Illinois, Missouri, New Jersey and Ohio. The SHOP Marketplace helps small businesses provide health coverage to their employees and is open to employers with 50 or fewer full-time equivalent employees. “SHOP Early Access” will allow small businesses, agents, and brokers to try out new online pre-enrollment SHOP features, and help set the stage for the full online debut on November 15.

    Small businesses, health insurance agents and brokers and trained assisters are getting an early chance to use the pre-enrollment features between now and when online enrollment in SHOP coverage begins nationwide. The users of Early Access are helping us to test the new online features, which will give the SHOP Marketplace important information about the user experience to begin the continuous quality improvement process before the site goes live in mid-November.

  • Submitted on 22 October 2014

    Created on October 22, 2014

    Enroll - Health InsuranceThe SHOP Marketplace makes it possible for small businesses to provide qualified health plans to their employees. No matter what state you do business in, you’ll have access to the Small Business Health Options Program (SHOP) Marketplace.

    Starting November 2014, you and your employees will be able to visit HealthCare.gov to enroll online for coverage starting January 2015.

    The tips below will help you get ready:

    1. Learn about SHOP.

    You’ll want to understand how SHOP works, which businesses qualify, and how using SHOP can benefit you and your employees. Use the SHOP Full-time Equivalent Employee Calculator at HealthCare.gov/fte-calculator/ to see if you qualify.

    2. Talk to your employees.

    Find out your employees’ coverage needs. This will help you with your coverage decision and you’ll get an idea of how many employees might participate.

  • Submitted on 01 October 2014

    Created on October 1, 2014

    Health Care WebinarEmployers can learn the basics of the Affordable Care Act and what it means for their organization and employees at free weekly webinar.

    Topics covered include cost containment, the Small Business Health Care Tax Credit, the new Health Insurance Marketplace, and Employer Shared Responsibility.

    Webinar content will generally be the same each week. Below are the registration links for upcoming webinars in English.

  • Submitted on 25 April 2014

    Created on April 25, 2014

    This post originally appeared on HealthCare.gov.

    When you buy health coverage for your employees through the Small Business Health Options Program (SHOP) Marketplace, you may qualify for a tax credit worth up to 50% of your premium contributions.

    Our new SHOP Tax Credit Estimator can tell you what that credit might be worth to your business.

    Here are some key things you should know about the tax credit and applying for SHOP:

    • Employers with fewer than 25 full-time equivalent employees may be eligible for the Small Business Health Care Tax Credit, worth up to 50% of employer premiums contributions, if their employees make an average of $50,000 a year or less.

    • The tax credit will be available to eligible employers for two consecutive taxable years.

    • The tax credit may be available to eligible tax-exempt employers who could receive up to 35% of employer premium contributions, and can access the credit as a refund.

    • Generally, the Small Business Health Care Tax Credit is available for eligible employers purchasing SHOP health plans.

    • To enroll in a SHOP plan in most states, you’ll use an agent, broker, or insurance company. You’ll also need to complete a SHOP eligibility application.

    • Visit IRS.gov for the most up to date information and guidance on claiming this tax credit.

    • Even if you’re a small employer who does not qualify for a small business tax credit, you may still purchase coverage through SHOP.

  • Submitted on 06 November 2013

    Created on November 6, 2013

    With new health insurance marketplaces now open, the Small Business Administration and Small Business Majority are excited to announce the next set of Affordable Care Act 101 weekly webinar dates.

    Each week, small business owners can learn the basics of the Affordable Care Act and how they can enroll in small business health insurance marketplaces. Other topics discussed include insurance reforms, the small business health care tax credit, and employer shared responsibility provisions.  SBA representatives help small business owners understand the facts of the Affordable Care Act so they can make informed decisions about providing health insurance for their employees.

    The Affordable Care Act 101 takes place every Thursday at 2 PM ET. Below are the registration links for upcoming presentations.

  • Submitted on 21 October 2013

    Created on October 21, 2013

    How do I choose coverage that’s right for my business?There are 4 categories of plans in the SHOP Marketplace. They offer similar benefits, but differ based on how enrollees and the plan share the costs of care.

    In 2014, SHOP is open to employers with 50 or fewer full-time equivalent (FTE) employees.

    When you compare plans for your business, you'll notice that the plans are put into categories:

    • Bronze

    • Silver

    • Gold

    • Platinum

  • Submitted on 30 September 2013

    Created on September 30, 2013

    Healthcare MapAt the center of the Affordable Care Act is the premise that we need to make health care more affordable and accessible for more Americans, and a new report released today demonstrates just how affordable insurance will be. The report, released by the Department of Health and Human Services (HHS), finds that in state after state, affordable options will be available through the Health Insurance Marketplace in 2014. 

    Nearly all eligible uninsured Americans (about 95%) live in states with average premiums below earlier projections.  And nearly all consumers (about 95%) will have a choice of health insurance companies, each of which offers a number of different plans.  Competition and transparency are driving a new set of affordable options for consumers -- it is how the law was designed.  This new report shows the real impact it could have – a working a family with income of $50,000 could pay less than $100 per month for the lowest bronze plan, after tax credits.

  • Submitted on 19 September 2013

    Created on September 19, 2013

    HealthcareAs a business owner, it's important to understand how the Affordable Care Act may affect your business. However, with so many misconceptions about how the Affordable Care Act works, this can be difficult.

    As part of our ongoing blog series, "Myth vs. Fact: The Affordable Care Act and Small Business," this week we're debunking another common myth: Business owners will be fined if they don't provide notification to their employees about the new Health Insurance Marketplace.

    Fact: If your company is covered by the Fair Labor Standards Act, you must provide a written notice to your employees about the Health Insurance Marketplace by October 1, 2013. However, there is no fine or penalty under the law for failing to provide the notice.


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