Examples of SHOP exchange in a sentence
They do not offer online enrollment but instead instruct users to connect with agents or brokers offering plans through the state’s SHOP exchange.
In the federally- facilitated exchanges, such a listing will not be available for agents assisting consumers with individual QHPs. It has not been decided whether such a listing will be available for the federally facilitated SHOP exchange.
Kentucky’s SHOP exchange is separate from the nongroup ex- change for the purposes of risk pooling and qualified health plan participation.
The Affordable Care Act provides that each State may elect to establish an Exchange that would: 1) facilitate the purchase of qualified health plans; 2) provide for the establishment of a Small Business Health Options Program (“SHOP Exchange”) designed to assist qualified employers in facilitating the enrollment of their employees in QHPs offered in the SHOP exchange; and 3) meet other requirements specified in the Act.
Anecdotally, insurance agents and brokers are far more likely to interact with SHOP cli- ents than with nongroup households seeking coverage.As noted above, four issuers are offering QHPs in the SHOP exchange: Anthem, the Kentucky Health Co-op, Bluegrass Family Health (limited to central Kentucky), and United Healthcare.