What is the minimum percentage of employee enrollment required for SHOP eligibility?

For a Small Business Health Options Program (SHOP) eligibility, the requirement specifies that at least 70% of eligible employees must enroll in the plan for the employer to qualify. This percentage is designed to ensure that there is a sufficient level of participation, which helps maintain balance in risk pools and enables insurers to provide coverage effectively.

When an employer meets this threshold of enrollment, it not only supports their eligibility for SHOP plans but also can lead to benefits such as accessing a range of health insurance options and potentially qualifying for tax credits. The requirement emphasizes the importance of participation in order to achieve the goal of providing affordable healthcare coverage to small business employees.