A Brief Overview on Small Business Health Options Program
You must have noticed that many of the small scale industries do not give much importance to insurance plans. The reason is not because they do not consider it valuable but because they have to consider the cost factor too. This is where the importance of Small Business Health Options Program (SHOP) comes into the picture. They are the perfect source and opted by many small business owners. The main aim of this health options program is to help small scale businesses find and purchase health insurance for their employees. Though there are different types of health insurance policies available in the market, nothing can beat the services offered by this program.
This Small Business Health Options Program offers you and your employees the right balance of cost and benefits. However, there are various aspects that need to be considered when applying for this plan. If you have 2-50 employees in your organization, then you are eligible for this program. Opting for this health program offers great benefits to your small scale business. It greatly helps you to recruit and retain the best talent. Furthermore, it also aids in increasing productivity and reducing employee absenteeism. You also get to choose the level of coverage you would like to offer to your employees. Not just that, this plan also provides easy and simple billing. Apart from offering advantages to businesses, it also provides to employees too.
When you enroll for Small Business Health Options Program it is vital to lower your monthly premiums and pick a high-deductible or Health Savings Account plan. In case you choose a lower pay and deductibles, then your monthly premiums will be considerably high. You will find employers find it difficult to find affordable coverage that meets the needs of the employees. However, in 2014, you are sure to have lot of choices over health insurance through the Small Business Health Options Program. This program is specifically designed to simplify the process of buying health insurance for your small business. You will be able to choose the level of coverage you want to offer to your employees. As an employer, you will also get access to tax benefits. When you but insurance through Covered CA SHOP, you are eligible to seek benefits of tax breaks that are most ideal for you and your employees to make use of pre-tax dollars to make premium payments.
Getting hold of this is not a difficult task. They offer them on various Covered CA Health Plans. These plans are divided into Platinum, Gold, Silver, and Bronze. If an employee chooses an expensive plan, they absorb the additional cost but still have the flexibility and choice. A reliable provider has a team of professional brokers who offer knowledge on whether you are eligible for any government subsidies. This further helps in saving your time to carry out any research. They are licensed with all of the major medical, dental, life, disability and long term care insurance carriers in the country. It is worth to browse through the website for more details.