MNSure's Small Business Health Options Program (SHOP) offers health insurance coverage that gives small businesses (of 1-50 employees) and nonprofit organizations the same clout in the health insurance market that large companies already enjoy.
SHOP Enrollment basic guidelines: (Small businesses can enroll all year round)
1. Must have a principal business address within the state of Minnesota.
2. Contribution: 50% of the plan premium for all employees offered coverage.
3. Participation: A minimum of 75% of the eligible employees must purchase employer sponsored plan.
4. Employers may receive tax credits.
HOWEVER……………SHOP has a Special Open Enrollment from 11-15-2015 to 12-15-2015
Special Open Enrollment guidelines:
1. Must have a principal business address within the state of Minnesota.
2. Contribution: 50% WAIVED.
3. Participation: A minimum of 75% of the eligible employees must purchase employer sponsored plan WAIVED to only 1 employee.
4. Tax credits applicable
Don't delay if there is any interest during this special open enrollment for MNSure SHOP.
Securities offered through Investors Capital Corporation, Member FINRA/SIPC; Advisory Services offered through Investors Capital Advisory.
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Member Post: MNSure's Small Business Health Options Program (SHOP)
Wednesday, November 11, 2015
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