Arkansas SHOP is a state-based insurance marketplace designed for small businesses looking to offer quality health insurance coverage to their employees. All Arkansas SHOP plans offer important health benefits and are designed specifically for Arkansas small businesses and their employees.
Here are six things that small businesses should know about Arkansas SHOP.
One: Tax Credit of Up to 50% of Premium Cost
Small businesses with fewer than 25 employees may be able to offset some of the cost of extending Arkansas SHOP coverage to employees through available tax credits. Tax credits could offset up to 50% of the employer’s cost of providing employee coverage.
Two: Competitive and Attractive Features
Plans offered to small businesses and their employees through Arkansas SHOP are competitive in the marketplace, provide comprehensive coverage for essential benefits, carry no lifetime limits on benefits and no restrictions for pre-existing conditions.
Three: User-Friendly and Comprehensive Website
A user-friendly, comprehensive website, at www.myARinsurance.com, allows small businesses to evaluate, select and enroll in health insurance plans. The website includes tools and resources designed to support small businesses, employees and insurance agents and brokers.
Four: SHOP Contact Center is Arkansas-Based
Arkansas SHOP’s customer service center is based in Central Arkansas and is staffed by Arkansans well-grounded in Arkansas SHOP program specifics and the enrollment process. The Contact Center is staffed from 8 a.m. to 5 p.m., Monday through Friday with knowledgeable professionals exclusively dedicated to supporting Arkansas SHOP.
Five: Enrollment Open Year-Round
Arkansas SHOP opened enrollment on November 1 and small businesses are now able to enroll for plan year 2016. Enrollment is open year-round and small business owners may select plan options that are best for their business and employees.
Six: Arkansas SHOP Plans Provided by Local Agents and Brokers
SHOP plans can be purchased through SHOP-certified agents and brokers serving communities across Arkansas. Small businesses can identify SHOP-trained agents and brokers nearest them at the My Arkansas Insurance website - www.myARinsurance.com.
Guest blogger: Alicia McCoy, Director of Marketing and Communications for the Arkansas Health Insurance Marketplace.