The holiday season is upon us, and for most people that means days spent in crowded shopping malls searching for just the right gifts for folks on their lists. But for some employers, “shop” means something entirely different: It refers to the SHOP marketplace, the federal and state web portals where small businesses can purchase private health insurance for their employees.
Who can shop at SHOP? Think of the marketplace as an online Costco or Sam’s Club: Only members can browse the virtual aisles. That’s because the SHOP marketplace is open only to employers with up to 100 employees (although states may choose to keep the limit at 50 for the first two years).
Many decision-makers have questions about the marketplace and how it works. That’s why Aflac has put together a handy guide that answers seven key questions, including what benefits are available and how the SHOP marketplace will affect health care costs for their businesses. Check it out to learn the ins and outs of smart SHOP-ping. … Read more >