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.
A critical factor that determines your obligations under the ACA is your status as an Applicable Large Employer (ALE). If you are unsure if your business qualifies as an ALE, you’re not alone.
Although the Affordable Care Act mandates PCORI fees, they may not be widely recognized, in fact, this may be the first you are hearing of them. However, all self-funded plan sponsors need to be aware of PCORI fees and their obligation to pay them.
While the employee benefits industry can seem overwhelming and complicated, it doesn’t have to be. This guide explores the different types of employee benefits, what’s required of you as an employer, why benefits are financially possible, and how to get started.
If you are a small business owner thinking about offering benefits or expanding your current benefits package, you may worry about preventing employees from being eligible for subsidies if they decide to purchase Marketplace coverage.
Understanding Section 125 Premium Only Plans (POP) is crucial for any business looking to maximize their tax savings and remain competitive in the hiring market. This helpful guide provides an overview of Section 125 POPs.
Explore the tax benefits of employee perks in our latest blog post. Learn how health insurance, retirement plans, and other employee benefits can offer significant tax deductions for your business, helping you save money while boosting team morale.
Evaluate the ACA’s minimum value standards, potential penalties for non-compliance, and why businesses should consider offering minimum value plans (MVPs).
Learn about Minimum Essential Coverage (MEC) and the Affordable Care Act (ACA) mandates for individuals and employers. Find out what constitutes MEC and how it affects your health coverage options.