FACT SHEET - About Arkansas SHOP
“Does SHOP offer any savings for me or my employees?”
Arkansas Shop: An Overview for Small Businesses
Health Insurance the Arkansas Way.
What is Arkansas SHOP (Small Business Health Options Program)? • SHOP is a health insurance marketplace available through My Arkansas Insurance. • It offers tools to help small businesses shop for health insurance. • It is for businesses with 2 to 50 employees who average 30 hours or more per week.
What are the benefits of Arkansas SHOP? • • • • •
Potential for better rates as part of a larger group. Tax credits for businesses that meet Arkansas SHOP requirements. Quality, comprehensive health insurance plans with major medical coverage. Help from local agents and brokers who are licensed Exchange Producers, with no extra cost or fees. Important employee plan benefits such as: – no yearly or lifetime limits on care; – no denial of coverage based on pre-existing conditions. • Plan choice based on your budget and your employees’ needs.
What potential cost savings does Arkansas SHOP offer? • Tax credits for businesses with fewer than 25 full-time equivalent employees that meet SHOP program guidelines. • Help for employees to avoid penalties for not having health insurance. • Possible pre-tax savings for both small businesses and their employees.
WHERE CAN I FIND HELP ENROLLING MY BUSINESS? • Agent/Broker – Contact your agent or broker or find a licensed Exchange Producer at myARinsurance.com • Online – Visit myARinsurance.com • By Phone – Call 844-952-9522, Monday - Friday, 8:OO a.m. - 5:OO p.m., to talk to a trained, local Arkansas SHOP representative
Small Business Health Insurance for Arkansas
myARinsurance.com
Arkansas Shop: An Overview for Small Businesses
Health Insurance the Arkansas Way.
What is Arkansas SHOP (Small Business Health Options Program)? • SHOP is a health insurance marketplace available through My Arkansas Insurance. • It offers tools to help small businesses shop for health insurance. • It is for businesses with 2 to 50 employees who average 30 hours or more per week.
What are the benefits of Arkansas SHOP? • • • • •
Potential for better rates as part of a larger group. Tax credits for businesses that meet Arkansas SHOP requirements. Quality, comprehensive health insurance plans with major medical coverage. Help from local agents and brokers who are licensed Exchange Producers, with no extra cost or fees. Important employee plan benefits such as: – no yearly or lifetime limits on care; – no denial of coverage based on pre-existing conditions. • Plan choice based on your budget and your employees’ needs.
What potential cost savings does Arkansas SHOP offer? • Tax credits for businesses with fewer than 25 full-time equivalent employees that meet SHOP program guidelines. • Help for employees to avoid penalties for not having health insurance. • Possible pre-tax savings for both small businesses and their employees.
WHERE CAN I FIND HELP ENROLLING MY BUSINESS? • Agent/Broker – Contact your agent or broker or find a licensed Exchange Producer at myARinsurance.com • Online – Visit myARinsurance.com • By Phone – Call 844-952-9522, Monday - Friday, 8:OO a.m. - 5:OO p.m., to talk to a trained, local Arkansas SHOP representative
Small Business Health Insurance for Arkansas
myARinsurance.com
