Tweet This

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.

Third Party Administrator (TPA)

A company or organization that is responsible for the administration of a health plan but does not carry the monetary risk.