nevada health link small business health options program shop n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Nevada Health Link Small Business Health Options Program (SHOP) PowerPoint Presentation
Download Presentation
Nevada Health Link Small Business Health Options Program (SHOP)

Loading in 2 Seconds...

play fullscreen
1 / 21

Nevada Health Link Small Business Health Options Program (SHOP) - PowerPoint PPT Presentation


  • 112 Views
  • Uploaded on

Nevada Health Link Small Business Health Options Program (SHOP). [INSERT EVENT OR COMPANY TITLE]. DATE. Agenda. The ACA and Small Businesses Nevada Health Link’s SHOP How It Works Tax Credit Resources Questions. How the ACA Affects Businesses.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Nevada Health Link Small Business Health Options Program (SHOP)' - thetis


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
nevada health link small business health options program shop
Nevada Health Link Small Business Health Options Program (SHOP)

[INSERT EVENT OR COMPANY TITLE]

DATE

agenda

Agenda

The ACA and Small Businesses

Nevada Health Link’s SHOP

How It Works

Tax Credit

Resources

Questions

how the aca affects businesses

How the ACA Affects Businesses

Businesses with 50 or fewer full time employees are eligible to use SHOP Exchange

Eligible businesses with 25 or fewer full time employees can receive small business tax credit if they provide health insurance to employees

Starting in 2016, businesses with 100 employees or less will be eligible to use SHOP

who can use shop

Who Can Use SHOP

Businesses with less than 50 full-time employees

Starting in 2016, businesses with less than 100 employees

Must have 75% of all eligible employees participate

If an employee chooses to stay on spouse’s plan, they won’t count towards eligible employees

why nevada health link

Why Nevada Health Link

Retain and attract good employees

Simple way to compare many plans

Gives employer complete control over plan options and contribution

Compete with larger employers in ability to offer choice(s) of quality, employer-sponsored health insurance plans

Can only get tax credit through Nevada Health Link

overview

Overview

Enter business information and employee census on NevadaHealthLink.com

Examine plan options

Decide which plans to offer employees and your contribution

Decide if you want to cover dependents

Employees go to NevadaHealthLink.com and select a plan from your choices

One easy to read bill no matter how many different plans your employees choose

plan categories

Plan Categories

AV (actuarial value) is the average cost paid by the insurance company

Deductible is the amount you pay before benefits apply

All plans are certified by the Nevada Division of Insurance before they’re offered on NevadaHealthLink.com

purchasing models

Purchasing Models

Pick the purchasing model that’s best for your business

Offer as many plan options as you want

Network purchase model

Open shop model

Metal tier model

employee participation

Employee Participation

Employees will choose only from plans the employer selected in purchasing model

Nevada Health Link will send email notifications to employees when it’s time to enroll

We will also send reminder emails during open enrollment and renewal times

billing

Billing

Receive one easy to read bill

Deduct employee portion from payroll

Match with employer contribution

Cut one check, no matter how many different carriers your employees select

important dates

Important Dates

Can sign up on NevadaHealthLink.com starting in October 2013

Coverage starts as early as January 1, 2014

No open enrollment period for businesses, can enroll any time

tax credit1

Tax Credit

Could receive a credit for up to 50% of your costs

Businesses with less than 25 FTEs that:

Offer affordable MEC plans

Cover 50% of employee’s cost (employee-only)

Can claim credit for past 3 years for 35% of costs

Work with your tax preparer

resources1

Resources

NevadaHealthLink.com

Training Video

Talk with your insurance broker