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Health Care


  • Submitted on 12 December 2014

    Created on December 12, 2014
     

    Employer and EmployeesThe Affordable Care Act (ACA) contains several tax provisions that affect employers. Under the ACA, an employer’s workforce size is significant because this information determines which provisions apply. 

    The IRS is conducting an information campaign to educate taxpayers about some of the basics of the ACA. This campaign will include health care tax tips, YouTube videos and expanded ACA web pages on IRS.gov.

    Determining Workforce Size

    An employer’s size is determined by the number of its employees.

    • An employer with 50 or more full-time employees or full-time equivalents is considered an “applicable large employer,” or ALE, under the ACA.

    • For purposes of the employer shared responsibility provision, the number of employees a business has during the current year determines whether it is an ALE the following year. Employers make this calculation by averaging the number of employees they had throughout the year, which takes into account workforce fluctuations many employers experience.

  • Submitted on 10 December 2014

    Created on December 10, 2014
     

    For Employers

    Get coverage now through the SHOP Marketplace Business OwnerGetting health coverage for your small business for 2015 is easier than ever before. For the first time, you can use the SHOP Marketplace to enroll online for coverage that starts as early as January 2015. Learn more about how to enroll with this step-by-step guide.

    Here are just a few benefits of buying coverage through the SHOP Marketplace.

    • Convenience: Find, compare, select and offer your employees coverage.

    • Choice: Choose among health plans at different coverage levels to find the one that’s right for you and your employees. In some states you can offer your employees a choice among all plans at the coverage level you choose.

    • Useful information and tools: Find out if you qualify for SHOP and what the small business health care tax credit might be worth to you. Then, find and compare plans before selecting one.

    • Access to tax credits: You may qualify for a tax credit worth as much as 50% of your contribution to employee premiums when you buy coverage through the SHOP Marketplace and meet other eligibility requirements.

  • Submitted on 17 November 2014

    Created on November 18, 2014
     

    Affordable Care ActWhether you’re a small employer or a sole proprietor whose enrollment opened Nov. 15, the Small Business Health Options Program (SHOP) can help you find health coverage for yourself and your employees.  Find out how the SHOP Marketplace can help you get health coverage if you have fewer than 50 employees at: https://www.healthcare.gov/small-businesses/provide-shop-coverage/.

    If you have 50 or fewer full-time equivalent employees, the SHOP Marketplace offers you a choice of plans.  Remember that you can enroll in SHOP coverage at any time throughout the year, using an agent, broker, or insurance company that offers SHOP Qualified Health Plans.  This website will get you started: https://www.healthcare.gov/small-businesses/employers/.  

  • Submitted on 17 November 2014

    Created on November 17, 2014
     

    SHOP Marketplace is OpenTrying to find health insurance for your employees?

    Check out the Small Business Health Options Program—SHOP—part of the new Health Insurance Marketplace. The SHOP Marketplace gives you a choice of quality, private health insurance plans, information, and tools to make comparisons and choose the one that works best for your company and employees.

    In many states, you can enroll in SHOP coverage directly through an agent, broker or a health insurance company that offers a SHOP Qualified Health Plan.

    When you buy coverage through the SHOP Marketplace, you may also qualify for a tax credit worth up to 50 percent of your contributions to employee premium costs (up to 35 percent for tax-exempt employers.) Small employers have already received more than $1 billion in tax credits since this tax credit was created in 2010.

    Detailed information on the SHOP Marketplace is available at HealthCare.gov.

  • 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.

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