1. The Affordable Care Act and Your Small Business
Regardless of whether you choose to offer insurance, you must notify your employees about the existence of the new
Marketplaces. Model notification forms are available from the US Dept. of Labor and at WisconsinBusinessAlliance.com/ACA
*What is an FTE?
FTE stands for “Full-Time Equivalent employee.”
See WisconsinBusinessAlliance.com/ACA for a form to help
calculate how many FTEs you employ. You and your family do not count toward your number of FTEs.
What is SHOP?
Online health insurance
marketplace
All plans cover preventive care,
prescription drugs, hospitalization,
and more
You control the coverage you offer
You decide how much to pay toward
employee premiums
You may qualify for a tax credit worth
up to 50% of your premium costs
Do you qualify for the tax credit?
For-profit businesses
< 25 FTEs*
Pay at least 50% of employees’
premiums
Employees’ annual wages can average
no more than $50,000
Beginning 2014, tax credit is available only
for plans purchased through SHOP
Learn more at healthcare.gov
Contact your tax preparer, insurance broker,
or call 1-800-706-7893 Monday through Friday, 8-4 central time
and check WisconsinBusinessAlliance.com/ACA for updates.
No.
Questions?
The Wisconsin Business Alliance is a statewide, nonpartisan,
nonprofit 501(c)(6) membership organization.
Our community-minded members are committed to
improving Wisconsin’s business climate while protecting our
quality of life. Learn more at WisconsinBusinessAlliance.com.
The WISCONSIN BUSINESS ALLIANCE presents
You now have MORE OPTIONS for your employees.
Don’t offer health insurance
No penalties or fees if you
have fewer than 50 FTEs*
Stay with current health
insurance
Offer health insurance
through the new SHOP
1
OP
TION
2
OP
TION
3
OP
TION
SHOP =
Small business
Health Options
Program
Is your business eligible for SHOP?
The information provided is only intended to be general summary information for the public. It is not intended to take the place of written laws or regulations. If you have questions, contact your tax preparer or call 1-800-706-7893.
If you are self-employed with no employees,
you can get coverage through the Individual
Marketplace, but not through SHOP.
Yes. No.
Your business is eligible for
SHOP. You can enroll directly
through SHOP at healthcare.gov
or through your insurance broker.
Employer Shared Responsibility
If you have more than 50 FTEs, talk with
your insurance broker or tax preparer
about Employer Shared Responsibility
provisions that will take effect in 2015.
Yes.