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Small Business Health Options Program (SHOP)

Similar to the individual market exchanges (or marketplaces) the SHOP exchanges allow small businesses to select health plans for their employees (or contribute to employee selected health plans). As with the individual market exchanges, the SHOP exchanges can be run by the federal government or by the individual states.

Federal Medical Assistance Percentage (FMAP)

The total percent of a state‚Äôs Medicaid expenses that are paid for by the federal government. This percentage can vary from 50 percent to 83…