Understanding Group Market Health Insurance Exchange • SHOP is the Small Business Health Options Program, which is a group market health insurance exchange where employers can go to find lower-cost group plans that offer tax credits. • In the past only employers with large workforces had the buying power to shop for lower-cost coverage plans, but with SHOP that capability is now available to small employers as well. • Plus, you can compare different plans side-by-side and easily see what’s available.
Benefits of SHOP for Small Businesses • Healthcare exchanges offer small businesses many advantages, including: • The ability to compare a variety of health plans quickly and easily Comparison tools that show you “apples-to-apples” so you can understand the differences in coverage and get the plan that works best for your employees. • Control over the coverage and amount your company pays toward each employee’s premium The ability to qualify for best health insurance in India which could add up to as much as 50 percent of your total premium costs.
Understanding Individual Market Health Insurance Exchange • An individual market health insurance exchange sells health insurance to individuals and families. Individual health insurance policies can be purchased utilizing the expertise of an insurance agent that is able to help with plan choices and premium costs. • they can be purchased by the consumer directly through the health insurance marketplace, or healthcare exchange. • Consumers select an individual health insurance policy based on the coverage level, or metal tier, they want. • http://www.zanebenefits.com/blog/how-can-small-businesses-benefit-from-the-healthcare-exchange
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