How many full-time employees must a business have to qualify for the SHOP?

To qualify for the Small Business Health Options Program (SHOP), a business must have 50 or fewer full-time employees. This program was established under the Affordable Care Act to help small employers provide health insurance to their employees. The intention behind this threshold is to ensure that small businesses have access to affordable healthcare options without the burden that larger organizations may face.

The ruling is significant because it aims to bridge the healthcare coverage gap for smaller employers who may struggle with the financial implications of providing health insurance. The definition of full-time employees includes those who work, on average, 30 hours or more per week. Additionally, this threshold allows businesses that meet the criteria to access various health plans with the possibility of tax credits if they are providing coverage at a certain contribution level.

Understanding this qualification helps small business owners navigate their options for providing healthcare benefits to their employees and can lead to better employee retention and satisfaction.