Businesses are being let down by the insurance industry—and their employees are already paying the price. With healthcare premiums likely to increase by 9% in 2025, many employers are being backed into a corner.
The end of the year is commonly when businesses review and renew their benefits offering. Open enrollment season is the perfect time for employers to look at their current benefits package, assess employee needs, and explore new options.
When your business meets the criteria for applicable large employers, you’ll find yourself in a whole new world of compliance considerations. From reporting requirements to potential tax penalties, ALE status can have a big impact on the day-to-day operations of your company.
