You wouldn’t think such a thing as a limited time offer (LTO) would exist for a government program, but it does for health insurance coverage under the Affordable Care Act. According to the Small Business Health Options Program (SHOP) website, the standard minimum participation rate of 70% of your employees enrolled (11 States have a…
Read More »It was born out of passage of the Affordable Care Act (aka Obamacare) back in 2010, but now the online enrollment and payment portal for the Small Business Health Options Program (SHOP), is no more. Last Sunday, February 10, 2019, the enrollment and payment portal only, closed for good as SHOP coverage may now be…
Read More »Notwithstanding that there will be a new administration in place come January 20 and that President-elect Trump has proposed repealing the Affordable Care Act (ACA) when he takes office, businesses are still required to comply with the provisions of Obamacare until that time. Eligible small businesses looking to enroll their employees through the Small Business…
Read More »Eligible small businesses looking to take advantage of no minimum participation rates offered by the Small Business Health Options Program (SHOP) Marketplace have just under two weeks to make their selection as the no minimum offer expires on December 15. Generally, businesses must meet a participation rate of 70% of employees in order to enroll…
Read More »Perhaps stealing an idea from the QSR industry, a limited time offer has been put forth by the SHOP Marketplace (Small Business Health Options Program) regarding minimum participation rates. Beginning earlier this week and continuing until December 15, small businesses can purchase health insurance coverage in the SHOP Marketplace without meeting a minimum participation rate. …
Read More »The Small Business Health Options Program Marketplace (SHOP) created by the Affordable Care Act begins its open enrollment for individuals and families on Sunday, November 1, 2015. The open enrollment period runs from November 1 through December 15, 2015 for coverage beginning on January 1. For coverage beginning February 1, enrollment is open until January…
Read More »Although I never thought I’d write that headline, President Obama did sign the Protecting Affordable Coverage for Employees Act (PACE), a bi-partisan bill from Congress amending his health care mandate. PACE restores a 50 employee cap on the small group market (Small Business Health Options Program or SHOP) for health insurance. States are now empowered…
Read More »Yes, you read that correctly – it is not a typo! With support from both democrat and republican members, Congress passed legislation amending ObamaCare! Under The Protecting Affordable Coverage for Employees Act (PACE), which passed both branches last week, larger small businesses (defined as those with 51 to 100 employees) will not be forced into…
Read More »Notwithstanding amendments to the SHOP by PACE (above), the state of Hawaii is moving forward with its own Affordable Care Act waiver application to the federal government. The Aloha State has had its own comprehensive health care law on the books since 1974. The Hawaii Prepaid Health Care Act requires that any employee who works…
Read More »Major small business representatives formally requested that the Department of Health & Human Services (HHS) delay moving businesses with between 51 and 99 employees into the small group market, subjecting them to additional benefit and premium rating requirements. For employers with between 51 and 99 employees, the law contained a provision allowing them 2 full…
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