Smart Benefits: November 15 Key for Individual – and Employer – Health Exchange Enrollment
Monday, November 03, 2014
-Window for SHOP enrollment with less than 70% participation. Unlike individuals (who generally must sign up for a health plan during the three-month open enrollment window), small businesses that want to purchase insurance through the Small Business Health Plan Options Program (SHOP) exchange can usually enroll in any month. But to be eligible to sign up for a SHOP plan year round, at least 70% of the employer’s full-time employees must enroll in that SHOP plan. If small businesses can’t satisfy that requirement, November 15 marks the start of a one-month window when they can enroll in a SHOP plan with less than 70% participation of full-time employees.
-Expected launch of online SHOP enrollment. While SHOP has been open since late 2013, the online option was delayed and is still not operational in most states. For the almost three dozen states using the federal government’s small business exchange, November 15 is the expected release date of the online portion of the program. At that time, employers should be able to purchase group coverage via computer rather than using paper forms. Many states running their own small business exchanges are also launching or improving their online systems.
Related Articles
- Smart Benefits: IRS Issues Final Regulation on Small Business Tax Credit
- Smart Benefits: Wellness Plans Weigh In On Obesity
- Smart Benefits: Despite Reform Mandate, Birth Control Coverage Ruled Optional
- Smart Benefits: FMLA to Revise Definition of Spouse
- Smart Benefits: Patient-Centered Outcomes Research Institute Fee Due July 31
- Smart Benefits: CT Exchange Technology a Model for Other States
- Smart Benefits: What Matters to Employees?
- Smart Benefits: Communicating Healthcare Reform: Go by the Book
- Smart Benefits: Plan Choice Key for Employers
- Smart Benefits: Is United’s Wait Wise?
- Smart Benefits: The All-Payer Claims Database Will Capture it All
- Smart Benefits: 2015 Health Insurance Rates Approved
- Smart Benefits: IRS Releases Draft Forms for ACA Reporting
- Smart Benefits: New IRS Guidance on FTE Look-Back Period
- Smart Benefits: Is Your Wellness Program EEOC-Proof?
- Smart Benefits: Obamacare Exchanges: Enrollment Expectations
- Smart Benefits: When Dental and Vision Don’t Count…Under PPAC, That Is
- Smart Benefits: Deadline Next Week for Health Plan Identifiers
- Smart Benefits: Are Double-Digit Premium Increases a Thing of the Past?
- Smart Benefits: Remember to Provide SBCs at Open Enrollment – or Pay
- Smart Benefits: Popularity of HSAs Continues to Rise
- Smart Benefits: New IRS Publication Tells Individuals if They’ll Pay an ACA Penalty at Tax Time
- Smart Benefits: Are Skinny Plans Becoming a Big Draw?
- Smart Benefits: Two Regs Issued on Contraceptive Coverage
Follow us on Pinterest Google + Facebook Twitter See It Read It