- Can brokers receive commission?
Yes, as they do for products off the Marketplace. Commissions will come directly from a carrier and will vary based on company commission rules. Brokers must follow Marketplace rules regarding presenting all plan options to individuals and businesses.
- Do small businesses need to enroll through the Marketplace to be eligible for tax credits?
Small businesses must apply and receive a favorable eligibility determination through the Marketplace and enroll in a SHOP-Certified plan directly with the insurers.
- Are there any minimum participation requirements?
Participation requirements may apply. Please check directly with prospective insurers to determine if minimum participation requirements apply for enrollment in SHOP-Certified coverage.
- How can sole proprietors enroll through the Marketplace?
Federal guidelines require sole proprietors to enroll through the Individual Marketplace.
- Is an employer group with employees outside New York State considered an eligible small business through the Marketplace?
Yes, as long as the small business has a physical business location in New York State and is otherwise eligible.
- Is there one application for all carriers?
Yes.
- Do small businesses need to obtain a favorable eligibility determination from the Marketplace to be eligible for tax credits?
Yes.