Small Businesses Need Health Insurance, Too

Every business needs to provide health insurance for its workers when it reaches a certain size. In health care law, any business with at least 50 full-time employees (FTEs) is already considered large and is obliged to enroll its employees in a certain health coverage program.

Small businesses, or those with fewer than 50 employees, are not required to provide health coverage. However, they are encouraged to do so through the Small Business Health Options Program (SHOP) Marketplace. Adopting any of these new health insurance marketplace coverage options for small businesses should prove beneficial to both employers and employees.

Eligibility for coverage in the SHOP marketplace is achieved either individually or as a company. For a business to be considered eligible, the owner must prove that the enterprise indeed falls under the “small business” category and that all employees agreed to enroll in a health plan. Depending on the jurisdiction, you may be able to get health coverage from the Affordable Care Act marketplace even if only 70 percent of your employees are enrolled.

Whatever the arrangement may be, you will need the help of a reputable Health Insurance Marketplace Navigator to ensure that the application process goes as smoothly as possible. This way, you can weigh your options more intelligently and provide optimum coverage for your employees.


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