Choosing Health Coverage For Your Small Business

Understanding The SHOP Marketplace

Small business owners across the country have been experiencing change as they are now legally required to comply with new regulations and requirements under the Affordable Care Act. Since the world of health insurance and health care has transformed completely, choosing the right small business health insurance plans to best protect your team is more challenging.

If you missed the open enrollment deadline on February 15th and are beginning to panic since you have not properly set up your small business plans, do not fret! We can still write you a policy for your small business.

A unique entity known as the Small Business Health Options Program (SHOP) Marketplace allows small business owners to obtain the coverage they are required to offer their team, despite missed deadlines. When utilizing plans offered in SHOP, you have the luxury of avoiding restricted enrollment periods and offer deadlines.

There are many benefits of utilizing the SHOP Marketplace in addition to full luxury to pick and alter coverage as you please. If you are currently satisfied with your insurance agent, feel free to enroll with them! The SHOP Marketplace does not require that you change agents; therefore, you can go through this process with the agency you trust most.

The SHOP Marketplace is the perfect way to obtain health insurance and comply with all requirements set forth by the Affordable Care Act if you have 50 or fewer full time employees. The same goes for nonprofit organizations, however, if you are self-employed you cannot utilize the SHOP Marketplace.

Please do not hesitate to give us a call if you are in need of enrolling for a SHOP plan for your small business. Contact Bernardini & Donovan Insurance Services in Redlands for all of your California health insurance needs. As Covered California experts, you can rest assured that we will be your guiding hand in the realm of health insurance and health care.

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