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Apply for SHOP and Claim Your Tax Credit

Posted: June 13, 2014

If you're a small employer with fewer than 25 full-time equivalent employees, you may qualify for a tax credit worth up to 50 percent of your premium costs when you buy health insurance through the Small Business Health Options Program (SHOP).

Use the Small Business Health Care Tax Credit Estimator to find out if you may qualify and how much you may save.

Here's how you can claim the tax credit in 2014:

  • Contact an agent, broker, or insurer about enrolling in a SHOP Qualified Health Plan.
  • Fill out a paper application for SHOP eligibility. You can get an agent, broker, Navigator, or assister to help you, if you want.
  • Send the application to the SHOP Marketplace.

The SHOP Marketplace will notify you about eligibility by phone, email, or by regular mail if you request it. Before you can claim your tax credit, the SHOP must find you eligible and your employees must enroll in a SHOP plan.

For more information on the SHOP Marketplace, visit HealthCare.gov today or call 800-706-7893, 9 a.m.- 7 p.m. EST, Monday through Friday.

Related:

New Obama Care delay allowed for 18 states (via The Hill)

The Obama administration is permitting more than a dozen states not to implement part of ObamaCare's small business health insurance exchange until at least 2016.

The Centers for Medicare and Medicaid Services (CMS) granted requests for lenience from 18 states in their effort to enact "employee choice" on the Small Business Health Options Program, or SHOP exchange. Read more.

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