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NY State SHOP Certified

 

If your small business buys a health insurance plan from a SHOP Certified insurance carrier in NY, your business can qualify for up to a 50% tax credit on the portion of premium that the business pays.   The SHOP certified carriers we currently work with are: EmblemHealth, HealthFirst, Oscar and MVP. 

The qualifications to receive the tax credits are:

1. The business must purchase a SHOP Certified plan.

2. The average salary of your employees must be below $53,000 per year.

3. The business must pay at least 50% of the premium cost on behalf of the employee.

4. The business has to have less than 25 employees.

5. All full time employees must be eligible for coverage.

 

Contact us to calculate your potential tax credit. 

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