Tuesday, October 28, 2014

SHOP Coverage Online

Dana Halvorson
 
According to an Oct. 24, 2014, email alert from the HealthCare.gov team, new online features are coming to the Small Business Health Options Program (SHOP) Marketplace on HealthCare.gov in November. These changes will make it easier for small employers to find, purchase, and have their employees enroll in SHOP coverage. SHOP was created in the Affordable Care Act (ACA), and is a new way for small businesses to buy health insurance for their employees. According to the email alert, here are few things employers need to know about renewing or changing SHOP coverage for 2015: 
  • Beginning November 15th, you’ll be able to renew or change SHOP coverage online. You’ll no longer be able to renew your SHOP coverage directly with an insurance company or have to use a paper application.
  • Once you make your online offer of coverage to your employees, they‘ll also be able to renew or change their coverage online.
  • You’ll need to give your employees at least a week to decide if they want to accept your offer for 2015 SHOP coverage. If they enroll by December 15th, their coverage will take effect as early as January 1, 2015.
  • If you had 1-50 full time equivalent employees in 2014, but have added more employees after beginning your coverage - you may still be eligible to renew or change your SHOP coverage in 2015.
You can learn more about renewing or changing your SHOP coverage here. If you have any questions relating to the ACA, please submit them to insurancecoverage@ahca.org, and be sure to check out AHCA/NCAL’s ACA website.

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