Covered California SHOP (Small Business Health Options Program) helps smalls businesses compete with larger employers by providing their employes the same level of health benefits as larger companies. By receiving a tax credit through Covered California SHOP applied towards your small group health insurance plan, a small business owner can sign up for more expensive plans and be able to afford them.
When a company qualifies for Covered California SHOP, they are able to court better qualified candidates by offering them the same level of health benefits as a larger company. The higher quality health plans available to an employee also helps foster longer retention rates. Employees are much more willing to stay with a company if they feel as if they are being taken care of. A healthy employee is proven to have less sick days and better overall performance.
In October of 2015, companies with 50 – 101 employees will be eligible to register for Covered California SHOP
There are still plenty of options available to you. Feel free to reach out to us here at BLV Insurance Services and we will help you choose the right small group health insurance plan that will benefit not only you, but your employees as well.