The Individual Coverage Health Reimbursement Arrangement (ICHRA) is a revolutionary approach to employee benefits, offering flexibility for employers and employees alike. But if your ICHRA claim was denied, you may be wondering why. There are [...]
As the year ends, it’s crucial to address your Affordable Care Act (ACA) reporting requirements. The 2024 ACA reporting deadlines are approaching fast, and failure to meet these obligations can result in substantial penalties, [...]
The economic challenges of 2024, including rising inflation and recessionary pressures, continue to affect employees and employers alike. Despite employees demanding more robust benefits, many employers are scaling back due to rising healthcare costs. [...]
As an employer, it can be difficult to build an appealing benefits package to attract talent. The options on the market today are endless, and many employers are confused about the right, and most [...]
An employer benefits package can be a determining factor for employees when accepting a job. Are you offering the most beneficial healthcare options? Are you exploring ways to maximize the value of your employer [...]
Large employers nationwide grapple with the challenges imposed by the Affordable Care Act's Employer Mandate since its inception. Rising health insurance costs compounded by the ACA requirements are forcing employers and their advisors to [...]
1. Does ACA Reporting still exists?Yes, according to the Affordable Care Act, ACA reporting has been required since 2015 for any employer over a 100 FTEs. The next year it was lowered to the now [...]
One of the great things about the Individual Coverage Health Reimbursement Arrangement (ICHRA) is that employers of all sizes can utilize this program. Both large and small employers can take advantage of this new way [...]
If you offer ICHRA Plans, it's essential to know that they fall under the Self-funded Group Health plans category, which triggers IRS reporting obligations, regardless of your company's size. The IRS is intensifying ACA [...]
In the dynamic landscape of employee benefits, small businesses often seek flexible and cost-effective options to provide healthcare coverage for their employees. Individual Coverage Health Reimbursement Arrangements (ICHRA) and Qualified Small Employer Health Reimbursement Arrangements [...]