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Monday, November 11, 2013

PPACA Small Business Exchange Premium Rates

Small businesses have a health insurance exchange or marketplace similar to that for individuals under the new health care law: Small Business Health Options Program (SHOP)

A small business is defined as one who employs no more than 25 full time equivalents (FTE), pays no more than $50,000 in average annual wages to those employees, and who contributes at least 50% of the premium expense for those employees enrolled in the qualified exchange plan.

Curious about SHOP rates in your area? Use the database below to get some estimates. The rate is determined by the primary business location.

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I will be presenting some details about options for small businesses on November 13th for the Roanoke Regional Small Business Development Center. For more information about the event, go here.


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