IRS Increases Employer Mandate Penalties for 2023
Did you know that in 2023, the IRS is increasing penalties for the Employer Shared Responsibility Provisions (ESRP) — often referred to as the employer mandate — of the Patient Protection and...
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ICHRAs Are a Game-Changer for Your Company’s Medicare-Eligible Employees
Americans are living longer and retiring later than ever. The Bureau of Labor Statistics and Census’ estimates show that in 2020, 19.5% of Americans 65 or older were working or looking for work, so...
ICHRAs Are Here to Stay: 6 Reasons the Innovative Healthcare Solution Is Gaining Popularity
It’s no secret that traditional group health insurance is broken. The model hasn’t changed since World War II, but the way we work and live certainly has. Whether it’s because of where employees...
4 Reasons Large Employers Are Switching to ICHRAs
In recent years, there’s been a significant shift in how large employers approach employee health benefits. Rather than turning straight to a group plan, many companies are exploring individual...
Why Boomers and Gen Xers Are Skipping Health Care Due to Cost
Baby Boomers and Generation X are facing a dilemma regarding healthcare: they are skipping necessary medical treatments and procedures due to the high costs. One of the main reasons for this is the...
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