New Health Insurance Services Help Small Businesses in US

New Health Insurance Services Help Small Businesses In  New Mexico

In New Mexico, small businesses have started to buy health insurance under the Affordable Care Act. The state and the New Mexico Health Insurance Exchange (NMHIX) have been working tirelessly to get employers and business owners to cover workers through the state's new online marketplace, Small Business Health Options Program or SHOP. Since launching the exchange on Oct. 1 of this year, more than 1,300 employers have registered an account and 157 companies have completed paperwork for coverage in 2014.

People who are interested in a career in business should pay attention to the growing trend of small businesses and online health care marketplaces working together. The Affordable Care Act and the online insurance marketplaces it helped establish will shape how U.S. businesses offer benefits to employees in the years to follow. 

SHOP and the future of health insurance
Online marketplaces like SHOP were designed to help small businesses offer health plans to employees. Under the Affordable Care Act, businesses that have 50 or fewer workers are not required to offer health care coverage. But small businesses across the country are set to use online markets like SHOP. 

Small businesses flock to exchanges
Owners of small businesses have been hesitant to fully commit to the new health care policies. When HealthCare.gov, the federal online insurance exchange, was first launched in October, the public was quite vocal in expressing its frustrations with the website. It would crash unexpectedly, information would be displayed incorrectly and, at times, users would not even be able to access the site at all.

SHOP staffers IT specialists in the federal government have alleviated a lot of that frustration by meeting all the needs of clients and answering any questions they might have about health insurance. Ann Rice, an owner of a remote observatory, tried to enroll her business for health insurance, but had to wait because of technical issues before finalizing all her paperwork. She thanked the calm and collected workers at her SHOP for all their hard work.

"I can't say enough positive [words] about the gals that are trying to make this work... They're coping and they keep up a very good attitude." she told Business Week. 

For the most part, small business continue to work with the new health care policies and procedures. People interested in business news will see that as the country continues to streamline the processes for applying and enrollment, employers will be more comfortable offering basic health benefits to workers. 

This article is sponsored by Western Governors University, a nonprofit, accredited, online university. WGU offers online bachelor degree programs in business and online MBA programs. To find out more, please visit www.wgu.edu/wisecareers_business.

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