Do You Want to Provide Coverage to Your Employees?
Your Health Idaho’s Small Business Health Options Program (SHOP) is a new marketplace designed to offer small businesses and non-profit organizations with up to 50 employees access to private health insurance options for their employees. Once you choose a plan that is right for your business, you can decide how much to pay toward employees’ premiums.
Starting in 2014, in order for small businesses to be eligible for the Small Business Healthcare Tax Credit, small businesses must purchase a health plan for their employees through The SHOP Marketplace.
There is no penalty for small businesses for not enrolling in SHOP.
How do I find information on Small Business SHOP Plans?
Preview plans available to your small business:
See Plan Information Before Applying : Each plan sold on Your Health Idaho will cover essential health benefits including doctor’s visits, hospitalization, emergency room visits and prescriptions among other services. Click here to view detailed information about each health insurance plan offered on SHOP in the area of your principal business address.
To find out more details about the plans, visit the individual insurance company pages and call the insurance company or an agent or broker directly.
Your Health Idaho SHOP Health Plans:
Your Health Idaho SHOP Small Business Dental Plans:
Best Life: http://www.bestlife.com/ID/index.html
BlueCross of Idaho: http://shoppers.bcidaho.com
The Guardian Life Health Insurance Company: http://www.guardianlife.com/small-business-exchanges/
Do I qualify for the SHOP Marketplace?
- In 2014, SHOP is open to employers with 50 or fewer full-time equivalent (FTE) employees.
- If you plan to use SHOP, you must offer coverage to all of your full-time employees – generally those working 30 or more hours per week on average.
- At least 70% of your full-time employees must enroll in your SHOP plan. Employers who apply for SHOP between November 15 and December 15 can enroll without meeting this employee threshold. See “How many of my employees must enroll in SHOP?” on the dropdown menu below for more information.