The Small Business Health Options Program (SHOP) helps small businesses provide group health insurance to their employees. Employer's can earn a tax credit worth up to 50% of their employer premium contribution.
In Georgia employers may enroll in a SHOP health plan with Kaiser Permanente to be eligible for the small business tax credit. Learn more about the Kaiser Permanente HMO health plans in Georgia. To get quotes and enroll in a SHOP qualified health plan please contact us.
To be eligible for SHOP coverage in Georgia the employer must meet the following guidelines.
The Small Business Health Care Tax Credit can be worth up to 50% of the employer funded premium contributions (up to 35% for tax exempt employers). To qualify for the tax credit you must have all of these:
You must use IRS tax Form 8941, Credit for Small Employer Health Insurance Premiums, to calculate the credit. For detailed information on filling out this form, see the instructions
If your a small business include the amount as part of the general business credit on your income tax return.
Go Group Health agents are licensed to offer the SHOP health plans to small businesses in Georgia. We recommend contacting us for assistance with the implementation of a SHOP health plan - there is no additional cost involved and we can help service your group health insurance plan.
Additional resources on The Small Business Health Options Program (SHOP) can be found at the Healthcare Marketplace, Centers for Medicare and Medicaid Services and the Internal Revenue Service.