Question

Select the correct answer.

John is appointed as the finance head of a company in 2015. Currently, the company has about 60 employees. What can John do to avail tax credits over the cost of insurance of his employees?

A: register as a user on the SHOP marketplace
B: buy insurance plans through the SHOP marketplace
C: buy insurance through a registered agency
D: provide complete health benefits to all employees

Answer 1

Hi,

The correct answer option is : B buy insurance plans through the SHOP marketplace

Step-by-step explanation

In this case, John can buy for the employees a state health insurance market place famously called an Exchange. In this option, the employees could get some financial aid according to the health care reforms law that helps to lower the cost of health insurance. Families that have lower to moderate incomes can qualify. Financial aids that can be obtained are the premium tax credits and cost-sharing subsidies.

Good luck!