What is SHOP? Health Insurance for Your Employees

When you run a small business, CEO means "Chief Everything Officer." It means doing everything you can to help your customers, help your employees, and help your business grow. So when it comes to making decisions about health insurance we know that every detail and every dollar counts. That's where the Small Business Health Options Program, or SHOP, comes in. SHOP is here to help small businesses like yours find health insurance for your employees. And there's even more good news. If you have fewer than 25 full-time employees, pay an average salary of less than $53,000, and contribute at least 50 percent toward employee-only health insurance, you may qualify for the federal Small Business Health Care Tax Credit. This tax credit is available for up to two consecutive years, comes in the form of a return after you file your taxes, and can cover up to half of your portion of insurance premiums.

When every dollar counts, why leave money on the table? To learn more about the SHOP and the tax credit, 24 00:01:15,492 --> 00:00:00,000 visit MarylandHealthConnection.gov/SHO P