KBenefits Insurance Services
SHOP for Small Business

S.H.O.P. and the Small Business Tax Credit

KBenefits can enroll your employees into SHOP.

Eligibility:  Find out if your business is eligiblie for a small business health plan and tax credit thru SHOP.

Pick A Plan: We'll help you compare rates, health plans and networks to determine your best plan options.

Enroll:  We'll help you and your employees get enrolled into the SHOP health plan of your choice!

S.H.O.P:  Small Business Health Options Program

The Small Business Health Care Tax Credit could be worth up to 50% of the costs you pay towards your employees' premiums (35% for non-profit employers).  Find out if you're eligible, Learn about the tax credit, review health plans and how to enroll.  Any time of year.

See if you qualify for savings:  To qualify for the tax credit, all of the following must apply:

  • You have at least 1 full-time employee enrolling
  • You have fewer than 25 full-time employees (FTE)
  • The average employee salary is ~ $53,000 per year or less
  • You contribute at least 50% of the employee's premiums
  • You offer SHOP coverage to all of your full-time employees.

The advantage is that instead of "deducting" the cost of employee health insurance as a business expense, the employer can actually take a tax credit (a complete reduction in taxes) at the end of the year based on a portion of the cost of employee health insurance benefits. 


You can use the "Small Business Health Care Tax Credit Estimator" to help determine if your business qualifies for the tax credit, and how much it could be worth.  The tax credit is highest for companies with fewer than 10 employees who are paid an average of $25,000 or less.  The smaller the business, the bigger the credit.

If you’re considering Small Business Health Options Program (SHOP) coverage for your small business or nonprofit organization, HealthCare.gov has several tools and resources to help you offer employee health insurance:

Let's Talk:
Contact us for questions, plan options and enrollment assistance. 
732-333-1976 / chris@kbenefits.com

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KBenefits, LLC
Christopher S. Kudryk

KBenefits provides insurance solutions for small business owners and individuals in NJ & NY.  Contact KBenefits today and see how we can benefit you.

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