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 [...]
Open enrollment for health benefits is fast approaching, and with some decisions still up in the air, the Individual Coverage HRA (ICHRA) is a great option employers of all sizes should consider. However, employees have [...]
ICHRA renewals have begun. Are you searching for an ICHRA provider or administrator to manage your healthcare plan? Or are you considering self-administering? ICHRA is a new benefit option that has various iterations of [...]