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Small Business Owners Have More Choices in Providing Affordable Insurance to Employees in 2016

 

Concord, NH-- – New Hampshire’s many small business owners have more choices than ever when it comes to providing their employees affordable and comprehensive health coverage. The Small Business Health Options Program, also known as SHOP, is offering 30 plans in New Hampshire during the 2016 open enrollment period, which launched on Nov. 1. Compared to the 18 offered in 2015, this is a significant increase in the options available to employers with 50 or fewer employees. There are also seven stand-alone dental plans from which to choose.

The plans available on SHOP are being offered by four health insurance providers: Anthem Blue Cross Blue Shield of New Hampshire; Harvard Pilgrim Health Care of New England; Community Health Options (MCHO); and Minuteman Health. These plans include coverage of procedures and services at medical offices and hospitals around the state. All of the state’s 26 hospitals are included within at least two of these insurer networks and most are included in at least three.

Additional dental insurance options are also new this year on the SHOP. Employers can choose a medical plan that includes dental benefits or can choose from one of seven stand-alone dental plans on offer. Anthem, Delta Dental, Guardian Life Insurance Company, and Dentegra Insurance Company are all offering stand-alone plans.

Small business owners who have questions about enrolling in SHOP, their eligibility for tax credits, and the prices of plans being offered can find information on the “Small Business” section of coveringnewhampshire.org. Employers with fewer than 25 employees may qualify for a Small Business Health Care Tax Credit worth up to 50 percent of their premium costs.

There are many insurance agents and brokers available to help with the enrollment process in New Hampshire. To find an agent or broker in your area familiar with SHOP plans, go to http://coveringnewhampshire.org/agentsearch. Additional enrollment information is also available on CoveringNewHampshire.org, including tools employers can use when talking to employees about their insurance options.

Small business owners can also get help enrolling in a plan by calling the SHOP Small Employer Call Center at 1-800-706-7893 (TTY: 711) Monday through Friday, 9 a.m. to 7 p.m. Agents and brokers working with small business owners may also use this number.

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About Covering New Hampshire

A statewide effort by the New Hampshire Health Plan, Covering New Hampshire is the official, free resource for Granite Staters to learn about the Health Insurance Marketplace, the New Hampshire Health Protection Program and the new, affordable health insurance plans that are now available to you. Learn more by going to CoveringNewHampshire.org.