The IRS decision to lower employer shared responsibility penalties in 2025 is a rare move. However, it comes alongside increased penalties for missed reporting deadlines. Take this opportunity to optimize your benefits strategy and make sure you are avoiding the penalties altogether.
Between navigating compliance regulations, processing claims, and designing cost-effective plans, employee benefits can feel overwhelming, especially as healthcare continues to evolve. That’s where third-party benefits administrators (TPAs) step in.
With healthcare costs rising every year, employers are seeking innovative ways to provide benefits that strike a balance between affordability and quality care. Could health share plans be the solution that businesses need?
Offering a High-Deductible Health Plan (HDHP) with a Health Savings Account (HSA) is a powerful way to support your employees’ financial and health goals. With the 2025 updates to HSA contribution limits, there are new opportunities to enhance these benefits while maximizing tax advantages.
Is your benefits strategy contributing to your growth or quietly draining your resources? Being more strategic with your benefits program can seem overwhelming at first, but if you know the right questions to ask and do an honest assessment of your current benefits package, you can start to develop a benefits strategy that strengthens your business.
Are you struggling to find ways to improve your team’s productivity? Or does your team’s morale need a boost? You might be surprised to know that implementing an employee benefits program could be one of the most effective ways to achieve those goals.
For many business owners, the rising costs of traditional health insurance have created a challenging dilemma: how to provide valuable benefits without straining company finances. However, the recent rise of nontraditional healthcare options has made it easier for employers to provide fair benefits to their employees, without breaking the bank. What might not be as easy is introducing them to your team.
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.